Holding Nov Vek Buys A Company in the Republic of Tatarstan

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On June 15 Holding Nov Vek acquired 100% of the capital of BIT Ltd, The Republic of Tatarstan, BSE announced.

BIT Ltd has a fixed capital in the amount of 35,500 roubles and its core activity is the production and maintenance of devices for bank and accounting automation, development and production of calculating devices, installation and maintenance of tecnology in TatInvestbank and other permitted by law activities.

The stake was acquired through contracts for the sale of shares with CB TatInvestbank (for 81,37% of the capital) and Almaz Production company (for 18,63% of the capital).

The company will include information on the acquistion in its second quarter report.

Holding Nov Vek owns 9.33% of the capital of Bulgarian River Shipping AD.

50 shares changed hands today at 5.06 leva per share.

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