Eurohold Bulgaria offloads real estate subsidiary Bulgarian blue-chip financial and insurance group Eurohold Bulgaria said on Friday it sold its wholly-owned real estate subsidiary Eurohold Imoti for 2 million levs in a bid to reduce debt. The deal is part of the group's strategy to focus on its core activities - insurance, leasing and car sales - and the divestment of the loss-making property specialist will have a positive effect on the parent company's results, Eurohold said in a bourse filing. The capital gain from the transaction amounts to 552,700 levs. The group registered a consolidated net loss of 4.8 million levs in first quarter of 2013 from the year-earlier net profit of 1.28 million levs.
Source: profit.bg (08.07.2013)