June 21, 2007 Balkancar Zarya Plc attracts financial investor
Balkancar ZARYA announced that a mutual fund managed by Danske Capital Fund Management Company Ltd. has acquired 8,260* shares, representing 4.998% of the share capital of Balkancar ZARYA.
“Balkancar ZARYA is pleased to have Danske Capital Trans-Balkan fund join the fast development of our business,” said Mr. Stoyan Stoev, Chairman of Board of Directors. “The achievements of the company have been acknowledged by a leading Scandinavian financial investor, who perceived the good prospects for future growth of our Company. Danske Capital Fund Management Company Ltd. manages some of the leading investment funds across Eastern Europe and the C.I.S. We are very optimistic about Balkancar ZARYA long-term outlook. We have never been more excited about the relevance of our capabilities and the growth prospects of the markets that we are focused on.”
“We are impressed with Balkancar ZARYA exceptional financial performance, business development and long-term potential. We look forward to cooperating with Balkancar ZARYA’s fine management and dedicated shareholders to realize this potential”, says Jaakko Salmelin co-manager of the Danske Capital Trans-Balkan fund. “We are especially pleased with the company management’s commitment in creating a transparent, well governed company and I am confident that with our help Balkancar ZARYA will become one of the most shareholder friendly companies in Bulgaria.”
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* Before the capital increase of Balkancar ZARYA at the expense of own funds.
Contact for more information:
Mr. Jaakko Salmelin
Fund Manager
Danske Capital Finland
tel.: +358 9 8567 6383 [email protected]
www.danskecapital.fi
Company Details
Danske Capital Fund Management Company Ltd. is a wholly owned subsidiary of Danske Capital Finland and part of Danske Bank Group. The Danske Capital Trans-Balkan is a fund dedicated to South-East Europe and has a size of over 200 million EUR. The fund has been active in the Bulgarian equity markets since 2004. In total Danske Capital manages over EUR 2 billion in Eastern European equities.
Balkancar ZARYA Plc.
(BSE-SOFIA: ZARYA) is the single Bulgarian company specialised in steel wheel and rims manufacturing.
The company is recognised as a leading international manufacturer and supplier of a wide range of industrial wheels to the original manufacturers of fork-lift trucks and tyre producers as well as supplier of original wheel parts for the aftermarket.
Balkancar ZARYA news and information are available at http://www.balkancarzarya.com
Balkancar ZARYA Plc. (BSE-SOFIA:
ZARYA) is the single Bulgarian company specialized in steel
wheels and rims manufacturing. The Company is recognized
as a leading international manufacturer and supplier of
a wide range of industrial wheels to the original manufacturers
of fork-lift trucks and tyre producers as well as supplier
of original wheel parts for the aftermarket. Balkancar ZARYA
news and information are available at http://www.balkancarzarya.com.
ZARYA, ZARJA, ÇÀÐß, Balkancar ZARYA, Moving forward and
the Balkancar ZARYA logo are registered trademarks or trademarks
of Balkancar ZARYA Plc. and/or its affiliates in the Republic
of Bulgaria and certain other countries. All other trademarks
mentioned in this document are the property of their respective
owners. The use of the word partner does not imply a partnership
relationship between Balkancar ZARYA and any other company.
This document is Balkancar ZARYA information to the public.
For further information,
please contact: Mr. P. Penchev Investor Relations
Balkancar ZARYA Plc
tel.: +359 610.52501 ext.111 [email protected]
