BULGARIAN WATER BOTTLING COMPANY GORNA BANYA HAS BEEN SOLD FOR ALMOST 25 MILLION EURO TO ARMENIAN NATIONALS GAGIK AND DJAVAIR TSARUKYAN
ArmInfo
2009-10-29 18:47:00
ArmInfo. Bulgarian water bottling company Gorna Banya has been sold
for almost 25 million euro to Armenian nationals Gagik and Djavair
Tsarukyan, according to the trade registry, Sophia Echo reported.
Evgeni Goranov, one of the company’s former owners, confirmed to
Dnevnik that the deal was struck at the end of last week.About
20 million euro of the amount will be channeled to debt payments,
Goranov said, noting that the company owes 12 million euro in long-term
banking loans and a further four million euro in short-term funding.
It should pay a separate sum of about 3.5 million euro to a UK
investment fund.
A further million euro has been deposited with a guarantee fund to
cover possible future payments. The monies will be left there until
March 30, according to Goranov.
Gorna Banya generated total revenue of more than 36 million leva for
2008. Short-term liabilities for the period stood at 14.9 million
leva and the long-term at 9.6 million leva.
Gorna Banya is the entrepreneur’s first Bulgarian investment. It will
be managed by Zaven Asadurov, according to the trade registry.
Asadurov was not immediately available for comment.