Shares in Holding Roads, the Bulgarian road building and
equipment leasing specialist, surged 20 per cent following news
that the company plans to carry out a share split next year.
Holding Roads, which boasts the most highly valued shares on the
stock exchange in Sofia, plans a share split to boost its
liquidity.
The company is also planning to acquire two rivals and list some
of its subsidiaries on the Sofia bourse.
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Bulgaria plans to pour €3.3bn into the construction of motorways
in the coming years. The country, which joined the European Union
on January 1 2007, will have access to billions of euros in EU aid
to upgrade its neglected infrastructure.
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