CBA Asset Management opens a outlet in Veliko Turnovo
The local company CBA Asset Management introducted a new supermarket in Bulgaria's Veliko Turnovo last Friday. The company's network of outlets now numbers 11, along with this newly launched unit.
There are five supermarkets situated in Veliko Turnovo, four in Rousse, and two in Gabrovo and another store opening planned at Retail Park Veliko Turnovo.
The company's first commercial construction is located in Sofia's Svoboda neighbourhood. It has a gross leasable area of 1 400 sq m and already enjoys full occupancy.
CBA Asset Management plans to develop convenience shops in the large neighborhoods of northcental Bulgaria's cities, Ivailo Marinov, the executive director, announced. The company is considering business opportunities in Bulgaria's large regional cities and opportunities abroad, as well.
They plan to secure financing for their future undertakings through staging an initial public offering, which will make use of a book-building procedure. The company will float 3.9 million new shares at a par value of 1 lev and a minimum issue price of 2 leva.
CBA Asset Management currently has 16.3 million leva in capital, which will grow to 20.2 million if the IPO, scheduled for November 14-16, is successful. The net proceeds from the IPO are estimated at 5.506 million leva
I would like to thank Kiki on the wonderful work that she did in selling our apartment. She made everything run smoothly, she was always polite, punctual & answered any questions we had no matter how trivial some of them were. Very pleasant lady to do business with. Excellent service with smile.
— Gary, UK