CEZ

CEZ closer to the sale of its assets in Bulgaria

The Czech energy company CEZ has picked a Bulgarian-Indian consortium as a buyer of its assets in Bulgaria, according to media report. No official statement by the company yet apart from information it continues negotiations with several potential buyers. The amount of the deal quoted by local and Czech media is c.EUR 320m. The assets… Read more

Sopharma

Sopharma with long-term contract to supply cytisine to USA

The US pharmaceutical company Achieve Life Sciences (NASDAQ: ACHV) has entered into an exclusive supply agreement with leading pharmaceutical producer Sopharma (3JR BU) to manufacture cytisine active pharmaceutical ingredient (API) and finished tablets, according to a statement by Achieve. How smoking cessation cytisine based drug Tabex made entrance in US In 2015, Achieve acquired from… Read more

Bulgarian Stock Exchange

ELANA Agrocredit bond to start trading on the Bulgarian Stock Exchange as of 2 November

ELANA Agrocredit bond issue to start secondary trading on the Bulgarian Stock Exchange as of 2 November 2017 with BSE code assigned – 0EA2 (the first symbol to be read as a digit). The regulator approved ELANA Agrocredit bond prospectus on 20 October 2017. Terms of ELANA Agrocredit bond It was placed on 15 July… Read more

Monbat

Monbat to issue convertible bonds up to EUR 30m with ELANA Trading as broker

The leading Bulgarian car batteries producer Monbat to issue up to EUR 30m 7-year convertible bonds. The Board of Directors adopted the decision for the issuance of up to EUR 30 million and selected ELANA Trading to be the broker for the bond issue. Monbat bond issue terms The capital raised will be used for… Read more

Korado Bulgaria

Korado Bulgaria will work with ELANA Trading as market-maker

Bulgarian Stock Exchange Board confirmed registration of ELANA Trading as market maker of Korado Bulgaria. 12 October 2017 is the official start of the market makers activity. The terms are maintaining maximum range of the deviation in terms of a percentage between the prices of the bid and ask quotes (spread): 5%. Minimum value of… Read more

Energo-Pro

Energo-Pro mulls EUR 350m loan guarantee for the CEZ bid

Bulgarian energy distribution company Energo-Pro mulls a EUR 350m loan guarantee for its majority owner who is bidding for CEZ’ Bulgarian assets, according to a filing by Energo-Pro Bulgaria. Ensuring the new bid for CEZ The latter is asking bondholders to approve a EUR 350m loan guarantee for its owner Energo-Pro a.s. who is also… Read more

Atanas Bobokov, Board chairman, Monbat (Photo credit: capital.bg)

From Monbat Investor Day: Planning triple EBITDA by 2021

Leading lead acid car batteries producer Monbat plans to triple EBITDA by 2021 to EUR 68.9m from FY2016 level, the Company’s management said at an investors’ day on September 27th 2017 in Sofia. Monbat is looking into scaling up the business by 2021 via organic growth, expansion with acquisitions in its organic business, recycling diversification… Read more

ELANA Trading has a 29 years of history on financial markets, offering a wide range of services and markets. ELANA Trading quality service has been recognized by 24 industry awards. The broker is part of the international brokers’ network of US Auerbach Grayson & Co. since 1998 and maintains long-term partnerships with a lot of international financial institutions.

ELANA Trading is part of ELANA group - one of the largest groups in the non-banking financial sector in Bulgaria.

Contacts

Dimitar Georgiev
Head of Trading
Phone: +359 (2) 81 000 25
Email: georgievd@elana.net

Tatyana Puncheva-Vasileva
Head of Research
Phone: +359 (2) 81 000 24
Email: vasileva@elana.net

Contacts

Sopharma Business Towers,
Tower B, Floors 12-13,
5, Lachezar Stanchev St,
1797 Sofia, Bulgaria

Phone: +359 (2) 81 000 25
Phone: +359 (2) 81 000 26
Email: bgtrader@elana.net
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