Block deals dominated trade on the Bulgarian Stock Exchange on Thursday. Large packages of shares changed hands on the regulated market. Investors sold 434,600 shares in Advance Equity Holding in a single deal. A total of 126,039 shares in Synergon Holding changed hands, 111,800 of which were sold in a block deal. Big packages were also traded in Kaolin (68,017 shares) and M+S Hydraulic (47,600 shares). The deals increased turnover to BGN 3.9 million. Three of the market indexes declined and only Sofix finished the session in positive turf. The blue-chip index went up 0.24% to 426.58 points at close.
Source: Pari (16.04.2010)

Synergon Holding JSC - Sofia has appointed Annual general meeting on 25.06.2010. Meeting agenda includes: adoption of the Annual Report for Year 2009, amendments in the statute, changes within the management bodies.
Source: Registry Agency (17.05.2010)

Finance Consulting, a company linked to Bulgaria’s blue-chip industrial conglomerate Chimimport, has acquired local asset manager Synergon Asset Management, according to the registry of the Financial Supervision Commission (FSC). The company has snapped up 82% in the asset manager. Its capital was previously held between Synergon Holding, which had a 90% stake, and Bulgarian Stock Exchange (BSE) former executive director Bistra Ilkova, who held 10%. Ilkova confirmed the deal, saying the balance of 18% of the company’s capital is owned by smaller shareholders she did not name. She was also tight-lipped about financial details about the sale, citing market conditions. Synergon Holding did not return calls until Dnevnik went to print.
Source: Dnevnik (29.06.2010)

The General Meeting of the shareholders of Synergon Holding - Sofia, Bourse code 6S7, which was held on June 25, 2010, decided shall not distribute dividend for 2009. The company reported a profit to the amount of BGN 9 933 341.56 to the Retained profit.
Source: Capital market (30.06.2010)

Bulgarian groups Stara Planina Hold and Synergon Holding posted better sales for the first half of the year, fuelling hopes that the economic crisis is tapering off. Vet products maker Biovet followed in the same direction, according to its latest earnings report. Stara Planina Hold boosted consolidated sales for the first seven months of the year to BGN almost 40 million. The company has not yet released its final consolidated first-half data but preliminary estimates show improvement. Sales at two of its major subsidiaries including Hydraulic Elements and Systems (HES) and battery maker Elchim Iskra have rocketed by nearly 70% year-on-year. Consolidated sales for January to August are anticipated to surge by 47% on an annual basis. Heftier sales also helped Synergon Holding to slash its first-half loss to BGN 1.4 million in comparison with BGN 6.5 million a year earlier. Sales of goods alone jumped by more than 40% to almost touch BGN 100 million. Operating expenses soared 20% to BGN 115.7 million. Biovet’s profit surged on slightly higher sales and a reduction in expenses. Turnover gained 4% to BGN 61.6 million. Operating expenses fell 4% to BGN 56.2 million. Industrial Holding Bulgaria, whose core business includes ship and machine building, turned to a consolidated loss of BGN 2.2 million for the six months of the year from a profit of BGN 2.4 million in the year-ago period. The decline was attributed to a slightly lower sales and almost flat operating expenses.
Source: Dnevnik (26.08.2010)

The Bulgarian Commission for Competition Protection has approved a deal which allows a Bulgarian company, Erast EOOD, to buy the Vitogaz Bulgaria propane-butane cylinders producer. According to recent media reports, the previously unknown Erast company has indirect connections to Synergon Holding's Toplivo, the other big Bulgarian producer of propane-butane cylinders. However, the Commission for Competition Protection has stated that no such connections have been found to exist and the sale of Vitogaz is therefore legitimate. Vitogaz is now owned by the Dutch company Stitching Tigrane. In 2007, Vitogaz became the new owner of the hitherto existing Shell Gas business in Bulgaria.
Source: econ.bg (09.11.2010)