BULGARIA - Advent to take majority interest in Devin
According to reports, Advent International has agreed to purchase close to a 75% stake in water bottler Devin from Austria's Soravia Group, in a deal valued at EUR 21-22m.
After the closure of the transaction, Advent will launch a tender for the company's remaining shares traded at the Bulgarian bourse.
Devin's net profit stood at 1.06m levs (EUR 543,000) in the first half of the year.
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