Zarneni Hrani Bulgaria Files Prospectus, Trade Starts In December

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The management of Zarneni Hrani Bulgaria is planning to file its prospectus with the Financial Supervision Commission on Monday (12 November), Georgi Kostov, CEO of Slanchevi Lachi Bulgaria told Profit.bg.

“If the Commission approves the prospectus we are hoping that trade will start in December,” Kostov also said.

The company's general meeting was held yesterday. Shareholders approved restructuring via a merger between Zarneni Hrani Trade Sofia and Chimimport Agrochemicals Sofia, Zarneni Hrani Valchi Dol, Bek Inetrnational, Zora Ruse, Prima Agrochim, and Zarneni Hrani Balchik. All assets, liabilities and property rights of Slanchevi Lachi will be transferred to the newly established company Zarneni Hrani Bulgaria JSC.

The new company will unite the grain business of Chimimport, its capital will stand at 170.786 mln leva (87.321 mln euros).

The supervisory board will include Chimimport, CBA Group Asset Management and Finance Consulting.

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