Herti Establishes a French Joint Venture
Herti AD has established a joint venture in France, the company’s CFO Elena Zaharieva told Profit.bg.
The name of the joint venture is Herti France. It will export Herti’s products to France and we hope it will help us establish our positions there, Zaharieva added.
Herti holds 33% in Herti France. The company intends to list on the Bulgarian Stock Exchange (BSE) in September this year, but as we reported earlier it is still not clear what part of the capital will be floated.
Herti is a producer of aluminum and plastic caps for low-alcoholic drinks, wines, mineral water, fruit juice, olive oil and drugs, etc.
Mayer Export-Import and Alexander Yulianov control 34.00 and 33.00% of Herti’s capital respectively, while Zahari Zahariev and Elena Zaharieva hold 25.00 and 8.00%.