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Current date: 2010-02-09 07:48
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Water bottling company Gorna Bania sold to Armenians
Business: Thursday, 2009-10-29 09:00
Article by: Dnevnik.bg
Bulgarian water bottling company Gorna Bania has been sold for almost EUR 25 million to Armenian nationals Gagik and Djavair Tsarukyan. Evgeni Goranov, one of the company`s former owners, confirmed that the deal was struck at the end of last week.
Roughly EUR 20 million of the amount will be channeled to debt payments, Goranov said, noting that the company owes EUR 12 million in long-term banking loans and a further EUR 4 million in short-term funding. It should pay a separate some EUR 3.5 million to a UK investment fund.
Another EUR 1 million has been deposited with a guarantee fund to cover possible future payments
Scope: Quarter of Gorna banya;
More: Business news bottling company; Business news mineral water;
Last news and articles from Quarter of Gorna banya2009-10-29 09:00 Water bottling company Gorna Bania sold to Armenians2008-12-15 16:45 BDJ Train schedule for 2009 - more faster trains and decreased travel durations2008-08-06 14:00 Water bottler Gorna Banya accuses rivals Devin, Bankya of breaching concession rules2008-07-21 16:55 Peak Moment in Bulgarian Real Estate Market2008-03-11 11:39 Dog Kills Owner in Bulgaria2008-03-10 11:57 Train hits a woman
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