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08 Apr
15:10

Monbat plans to double production, expand exports with Tunisian acquisition

Вulgаrіаn battery manufacturer Моnbаt has completed the final acquisition to purchase 60% of Тunіѕіаn Соmраnу оf Ваttеrіеѕ NОUR, thus acquiring the controlling stake in the company, Kallanish notes. The €10.3 million ($11.2m) total deal was primarily financed by using the unutilized part of the bond issues, emitted in 2018 on BSE-Sofia and with own funds. The acquisition is a step towards expanding the business geography of the Monbat eco…
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