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
After looking for a property for a while we found an apartment in sunny beach, with lockdown not allowing us to view the property Kiki went above and beyond to make sure everything ran smoothly, from opening a bank account in Bulgaria to finding us a solicitor our end. She was very professional and on the end of the phone whenever we needed her help or advice. Very happy owners
— Mr and Mrs mather, UK