Bulgaria's Toplivo plans to acquire Synergon Petroleum, hike its capital Bulgarian fuel and building materials retailer Toplivo plans to acquire 100% of Synergon Petroleum, a fully-owned unit of Toplivo's majoriy-owner Synergon Holding, and then hike its capital. If the proposed deal gets the approval of Toplivo's shareholders, Toplivo will acquire the 110,000 Synergon Petroleum shares for a total amount of BGN 1.47 million. Toplivo's shareholders will also discuss a proposal to increase Synergon Petroleum's capital by BGN 20 million from BGN 11 million at present over the next two years. Synergon Holding was set up in 1996 as a privatisation fund under Bulgaria's voucher privatisation programme. The fund was transformed into a holding structure the following year. It has more than 25 subsidiaries and affiliated companies operating in various sectors of the Bulgarian economy. Synergon Holding holds a majority stake of 73.42% in Toplivo. Toplivo's shares closed at BGN 4.100, up 5.94% on the Bulgarian Stock Exchange on Wednesday
Source: investor.bg (22.10.2015)

Synergon Holding AD is the new sole shareholder of Premier Pleven EOOD, the company said by BSE. This happens after the subsidiary of Synergon - Premier PL AD, sold its stake in Premier Pleven of 99.66% or 1,500,900 shares with a nominal value of BGN 1. Thus, the manufacturer of doors and furniture Premier PL quits its participation in the company, whose business is to receive orders for the manufacture of furniture and doors. The news does not mention at what price the shares in question were purchased - whether at par, at a premium, discount or other value. On its part Synergon Holding owns 99.38% of the share capital of Premier PL AD. Participation is estimated at BGN 2.054 million. Moreover, in the Commercial Register dated October 23 is listed change in the legal form of Premier Pleven - from a limited liability company it is now a single limited liability company.
Source: investor.bg (29.10.2015)

Capman and Profesionalen pensionen fond Pensionnoosiguritelen institute put through the deal between Toplivo and Synergon Synergon Petroleum’s purchase of Toplivo with seller Synergon Holding AD has been approved with absolute majority of the shareholders at the general meeting of Toplivo that was held on November 20th, 2015. In practice, the decision for approval of this transaction was made by the representative of Profesionalen pensionen fond Pensionnoosiguritelen institut- namely Dobrovolen pensionen fond Pensionnoosiguritelen institut with 1949 shares or 0.04% of the capital, Universalen pensionen fond Pensionnoosiguritelen institut that holds 65,325 shares or 1.21 percent of the capital and Profesionalen pensionen fond Pensionnoosiguritelen institut with 13,668 shares, or 0.25. Capman Asset Management was the other shareholder that voted. They voted a total of 179,525 shares, which is the whole quorum on the decision to the deal for Synergon Petroleum LTD. The decision has to be taken by a majority of at least ?, but in practice it was taken by a majority of 100%. At the meeting it was voted that Toplivo will acquire all owned by Synergon Holding 110,000 shares in the capital of Synergon Petroleum Ltd. for BGN 1,468 million. Synergon Holding AD is the majority shareholder in both companies (Toplivo, Synergon Petroleum). Shareholders of Toplivo empowered the Board of Directors of the Company to increase the capital of Synergon Petroleum with 110 000 shares, each with nominal value of BGN 10, to BGN 21.1 million (distributed in 2110 000 shares).
Source: investor.bg (24.11.2015)

Synergon increased the capital of its subsidiary 12.5 times Synergon Holding increased the capital of its subsidiary 12.5 times and signed a preliminary contract with Toplivo for the sale of Synergon Petroleum. On December 2, the holding company increased the capital of its subsidiary Synergon Energy EOOD from BGN 20 thousand to BGN 250 thousand. The increase was accomplished by recording 2300 new shares of BGN 100 each. The new shares from the capital increase, which is a fact in the Trade Register as well, were fully subscribed by the sole owner Synergon Holding. On December 1 the company signed preliminary agreement with Toplivo for the sale of Synergon Petroleum LTD.
Source: investor.bg (07.12.2015)