Press Digest
Press digest - year 2018
 
Transmetrics has developed software for more efficient sea container shipping The Bulgarian start-up company Transmetrics developed a new platform to optimize the use of transport company assets. It will fully implement the system by the middle of 2018 in the Dutch logistics company NileDuch for water transport of containers from and to West Africa. The two companies have signed an open-ended contract. The new AssetMetrics software aims to predict the use of logistics assets, which according to Transmetrics would lead to a 15% reduction in business costs. The company reported that its revenues for 2017 are approximately BGN 300,000 but it is still not profitable. Transmetrics is forecast to end 2018 with revenues of just under BGN 2 million, but probably the company will still not report profits. At the moment, Transmetrics's customers are forwarding companies DHL and Speedy, part of the DPD group. Companys team now numbers 23 people, with a major part of them being a technical team based in Bulgaria.
Source: Capital (19.02.2018)
 
Trace Group, Holding Varna enter Sofia bourse blue-chip index The Bulgarian Stock Exchange (BSE) said it will add construction company Trace Group Hold and diversified group Holding Varna to its blue-chip index SOFIX as part of the semi-annual rebalancing of the index. The two companies will replace chemical fertiliser producer Neochim and hydraulic equipment manufacturer M+S Hydraulic in the SOFIX index base as of March 19, the BSE said in a statement late on Thursday. The SOFIX tracks the 15 most liquid shares on the BSE. The BSE also revised the composition of two of its other indices. Speedy, Toplivo and Severcoop Gamza Holding will be added to the index base of the broader BGBX40 index. They will replace Yuri Gagarin [BUL:4PX], Bulland Investments and Sparky Eltos. Regarding the BGTR30 index, in which companies with a free float of at least 10% have equal weight, the BSE decided to add Sopharma Properties, Korado Bulgaria and Synergon Holding, which will replace Odessos Shiprepair Yard, Holding Nov Vek and Regala Invest in the index base. No changes will be made to the composition of the BGREIT index which tracks the performance of real estate investment trusts.
Source: Capital (12.03.2018)
 
Bulgaria's Speedy in talks to acquire Rapido for up to 12 mln euro Bulgarian express delivery company Speedy [BUL:0SP] said on Thursday that it has entered talks for the acquisition of its local peer Rapido Express and Logistics for between 6 million euro and 12 million euro ($7.1 million - $14.2 million). The final price of the deal depends on the financial results of Rapido Express and Logistics and will be paid in instalments for 30 months, Speedy said in a bourse filing. The contract will be submitted to the Commission for Protection of Competition. The deal will be finalised upon receiving approval from the competition regulator and satisfaction of all necessary conditions, the statement reads.
Source: money.bg (18.05.2018)
 
Bulgaria's Speedy seeks regulatory nod to acquire local peer Rapido Bulgaria's competition regulator said that local express delivery company Speedy [BUL:0SP] is seeking approval to acquire its peer Rapido Express and Logistics. The deal is expected to affect the non-universal postal services segment of the local market, according to a notice, published on the website of the Commission for Protection of Competition on Friday. Last month, Speedy said it has entered talks for the acquisition of Rapido Express and Logistics for between 6 million euro and 12 million euro ($7 million - $14 million). The final price of the deal depends on the financial results of Rapido Express and Logistics and will be paid in instalments for 30 months, Speedy said at the time.
Source: Capital (26.06.2018)
 
Speedy AD-Sofia (0SP) The report can be found on the financial website http://www.x3news.com/displayNovina.jsp?formid=121320
Source: BSE (01.08.2018)
 
Speedy AD-Sofia (0SP) The report can be found on the financial website http://www.x3news.com/displayNovina.jsp?formid=121321
Source: BSE (01.08.2018)
 
II. With reference to item 14 of Appendix No. 1 (SOFIX Calculation Methodology) to the Rules for Calculating the Indices of the BSE, the Indices Committee has adopted a decision that the weight factors are to be specified on the basis of the Index structure as of 21 September 2018. III. With reference to item 11 of Appendix No. 2 (BGBX40 Calculation Methodology) to the Rules for Calculating the Indices of the BSE, the Indices Committee has adopted a decision that the following free-float factors are to be valid for the next three-month period: BSE code Issuer Free-float factor 6C4 Chimimport AD-Sofia 0.2704 6A6 Advance Terrafund REIT-Sofia 0.5877 3JR Sopharma AD-Sofia 0.4148 5BU Bulgarian Real Estate Fund REIT-Sofia 0.8686 0EA Elana Agrocredit AD-Sofia 0.6876 6S6 Sopharma Properties REIT-Sofia 0.2211 SKK Sirma Group Holding JSC-Sofia 0.6070 SO5 Sopharma Trading AD-Sofia 0.2729 5MH M+S Hydraulic AD-Kazanlak 0.2261 4CF CB Central Cooperative Bank AD-Sofia 0.2483 5F4 CB First Investment Bank AD-Sofia 0.1500 5MB Monbat AD-Sofia 0.1768 T57 Trace Group Hold AD-Sofia 0.2403 5SR Stara Planina Hold AD-Sofia 0.5859 4EH Eurohold Bulgaria AD-Sofia 0.3384 6AB Albena AD-Albena 0.3059 5DOV Doverie United Holding PLC-Sofia 0.5811 3MZ Svilosa AD-Svishtov 0.0674 5V2 Holding Varna AD-Varna 0.4322 BSO Bulgarian Stock Exchange-Sofia 0.4995 4KX Korado Bulgaria AD-Strazhitsa 0.1633 3CZ CEZ Distribution Bulgaria AD-Sofia 0.2601 57E EMKA AD-Sevlievo 0.2188 T43 Zarneni Hrani Bulgaria AD-Sofia 0.2001 4ID Industrial Holding Bulgaria PLC-Sofia 0.4503 4HE Hydraulic Elements and Systems AD 0.2020 6S7 Synergon Holding AD-Sofia 0.5002 3NB Neochim AD-Dimitrovgrad 0.2370 A72 Agria Group Holding AD-Varna 0.1796 6F3 FairPlay Properties REIT-Sofia 0.1149 5BP Billboard AD-Sofia 0.2508 6SOA Sofia Commerce-Pawn Brokerage AD 0.2900 6AM Alcomet AD-Shumen 0.0990 4I8 Industrial Capital Holding AD-Sofia 0.4876 A4L Allterco AD-Sofia 0.1532 5BR Bulgarian River Shipping AD-Ruse 0.2385 52E Elhim Iskra AD-Pazardzhik 0.2636 0SP Speedy AD-Sofia 0.1010 4L4 Lavena AD-Shumen 0.1420 7TH Tchaikapharma High Quality Medicines AD 0.0432
Source: BSE (12.09.2018)
 
Speedy AD-Sofia (0SP) Speedy AD hereby notifies that the Commission on Protection of Competition has rendered permission for the company concentration arising from the acquisition of100% of the capital of Rapido Express and Logistics OOD by Speedy AD.
Source: BSE (08.10.2018)
 
Bulgaria's Speedy receives anti-trust nod to buy Rapido, gets fine for not disclosing info Bulgaria's competition regulator said that it has given clearance to local express delivery company Speedy [BUL:0SP] to acquire its peer Rapido Express and Logistics. At the same time, the Commission for Protection of Competition fined Speedy 205,622 levs because the company had failed to disclose the fact that Rapido Express and Logistics acquired assets of local peer D&D Express in March, the regulator said in its decision, published late on Thursday. The fine is equal to 0.2% of Speedy's turnover in 2017. In terms of courier services on the domestic market, Speedy holds the second place with a market share of 20-30%, while Rapido Express and Logistics has a market share of 5-10%. Following the acquisition, Speedy will keep its second place after the market leader, Econt Express, which holds a market share of 40-50%. Regarding international courier services, the combined market share of Speedy and Rapido amounts to 20-30%, while the market leader - DHL Bulgaria, has a market share of 30-40%. In May, Speedy said it has entered talks for acquisition of Rapido Express and Logistics for a price of between 6 million euro and 12 million euro ($7 million - $14 million). The final price of the deal depends on the financial results of Rapido Express and Logistics and will be paid in instalments over 30 months, Speedy said at the time.
Source: econ.bg (08.10.2018)
 
Speedy AD-Sofia (0SP) Under decision dated 11 October 2018 the Registration Agency has registered the acquisition of 100% of the capital of Rapido Express and Logistics OOD by Speedy AD.
Source: BSE (15.10.2018)
 
Speedy AD-Sofia (0SP) BSE has received the materials of the extraordinary General Meeting of Shareholders of Speedy AD-Sofia (0SP) as follows: Speedy AD has appointed a General Meeting of Shareholders on 20 November 2018 at 10:00 a.m. in the city of Sofia at 11 Brussels Blvd., Best Western Premier Sofia Airport Hotel, under the following agenda: - Adoption of a new statute of the Audit Committee - Changes within the managing bodies of the company Draft resolution: The GMS releases Cedric Favre-Lorraine from the position of a member of the Board of Directors and appoints in his place as a member of the Board of Directors Rob Van Den Helder. - In the absence of a quorum, the GMS will be held on 10 December 2018 at 10:00 a.m., at the same place and under the same agenda. The voting right will be entitled to all shareholders registered with the Central Depository fourteen (14) days prior to the GMS date, i.e. by 06 November 2018 (Record Date). The final date for transacting shares of this company on the BSE, as a result of which the holders will be entitled to exercise their voting right at the GMS, will be 02 November 2018 (Ex Date: 05 November 2018).
Source: BSE (23.10.2018)
 
Speedy AD-Sofia (0SP) BSE has received corrected materials of the extraordinary General Meeting of Shareholders of Speedy AD scheduled for 20 November 2018 at 10:00 a.m. in the city of Sofia at 11 Brussels Blvd., Best Western Premier Sofia Airport Hotel.
Source: BSE (23.10.2018)
 
Speedy AD-Sofia (0SP) The report can be found on the financial website http://www.x3news.com/displayNovina.jsp?formid=123141
Source: BSE (01.11.2018)
 
Speedy AD-Sofia (0SP) The report can be found on the financial website http://www.x3news.com/displayNovina.jsp?formid=123129
Source: BSE (01.11.2018)
 
Speedy AD-Sofia (0SP) The extraordinary General Meeting of Shareholders of Speedy AD dated 20 November 2018 has passed the following resolutions: - Adoption of a new statute of the Audit Committee - Changes within the managing bodies of the company: The GMS releases Cedric Favre-Lorraine from the position of member of the Board of Directors and appoints in his place as member of the Board of Directors Robertus Theodorus van den Helder. The Record of Proceedings taken at the company's GMS is available on the /bg/disclosure-by-issuers.
Source: BSE (27.11.2018)
 
Speedy AD-Sofia (0SP) The changes within the Board of Directors of the company have been entered in the Commercial Register on 27 November 2018 as follows: - Deregistration of Cedric Favre-Lorraine as a mmb of the Board of Directors - Registration of Robertus Theodorus van den Helder as a mmb of the Board of Directors The changes have been adopted by the EGM on 20 November 2018.
Source: BSE (30.11.2018)
 
III. With reference to item 11 of Appendix No. 2 (BGBX40 Calculation Methodology) to the Rules for Calculating the Indices of the BSE, the Indices Committee has adopted a decision that the following free-float factors are to be valid for the next three-month period: BSE code Issuer Free-float factor 6A6 Advance Terrafund REIT-Sofia 0.5877 5BU Bulgarian Real Estate Fund REIT-Sofia 0.8686 4EH Eurohold Bulgaria AD-Sofia 0.3394 4HE Hydraulic Elements and Systems AD 0.202 5MH M+S Hydraulic AD-Kazanlak 0.2338 5BR Bulgarian River Shipping AD-Ruse 0.2385 4I8 Industrial Capital Holding AD-Sofia 0.4927 57E EMKA AD-Sevlievo 0.2258 52E Elhim Iskra AD-Pazardzhik 0.2636 5SR Stara Planina Hold AD-Sofia 0.5859 6S6 Sopharma Properties REIT-Sofia 0.2221 6F3 FairPlay Properties REIT-Sofia 0.106 6AM Alcomet AD-Shumen 0.099 6AB Albena AD-Albena 0.3059 A72 Agria Group Holding AD-Varna 0.1796 3NB Neochim AD-Dimitrovgrad 0.237 4KX Korado Bulgaria AD-Strazhitsa 0.1744 SO5 Sopharma Trading AD-Sofia 0.2709 T43 Zarneni Hrani Bulgaria AD-Sofia 0.2001 6C4 Chimimport AD-Sofia 0.2704 T57 Trace Group Hold AD-Sofia 0.2403 5DOV Doverie United Holding PLC-Sofia 0.5794 5BP Billboard AD-Sofia 0.2508 5V2 Holding Varna AD-Varna 0.3883 4L4 Lavena AD-Shumen 0.142 4ID Industrial Holding Bulgaria PLC-Sofia 0.4503 3CZ CEZ Distribution Bulgaria AD-Sofia 0.2601 5F4 CB First Investment Bank AD-Sofia 0.15 6SOA Sofia Commerce-Pawn Brokerage AD 0.2929 5MB Monbat AD-Sofia 0.1768 A4L Allterco AD-Sofia 0.1552 SKK Sirma Group Holding JSC-Sofia 0.607 7TH Tchaikapharma High Quality Medicines 0.0433 3MZ Svilosa AD-Svishtov 0.0674 3JR Sopharma AD-Sofia 0.415 0EA Elana Agrocredit AD-Sofia 0.6876 4CF CB Central Cooperative Bank AD-Sofia 0.2483 0SP Speedy AD-Sofia 0.101 6S7 Synergon Holding AD-Sofia 0.5002 BSO Bulgarian Stock Exchange-Sofia 0.4995 IV. With reference to item 12 of Appendix No. 2 (BGBX40 Calculation Methodology) to the Rules for Calculating the Indices of the BSE, the Indices Committee has adopted a decision that the weight factors are to be specified on the basis of the Index structure as of 21 December 2018. The free-float data on the issues of SOFIX and BGBX40 presented herein are the median value for the period 02 September - 01 December 2018. The new free-float factors are to enter into force as of 27 December 2018. The new weight factors are to enter into force as of 27 December 2018.
Source: BSE (04.12.2018)