In accordance with the Board of Directors’ proposal, on May 12, 2021 Monbat AD acquired shares representing 60% of the capital of Batteries NOUR (Société Tunisienne de l’Accumulateur Nour), Tunis, Tunisia.
The contract is in accordance with the preliminary approved transaction parameters whereby Monbat AD will acquire 720,000 shares, the company announces in a press release.
Monbat Economic Group, Sofia, Bulgaria, will pay the price of EUR 10 300 000, using the unutilized part of the bond issue ISIN BG2100023170, and the difference will be financed by company’s funds.