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Bulgaria's Telelink Business Services Group to go public

31/10/2019
 
Bulgaria's Financial Supervision Commission said that it has received a request for admission to trading on a regulated stock exchange market from local Telelink Business Services Group.

Telelink Business Services Group was spun off from local Telelink Bulgaria in July, becoming the sole owner of software developer Telelink Business Services. At the time, both Telelink Business Services Group and Telelink Bulgaria were 100% owned by Dutch-registered Telelink Holdings.

In September, Telelink Holdings transferred a 78.65% stake in Telelink Business Services Group to the Telelink group's end owner - private individual Lubomir Minchev.

Meanwhile, in August Telelink Holdings increased the capital of Telelink Business Services Group by $7 million, suggesting that big expansion plans on the horizon.

Earlier this year, Lubomir Minchev said that he is considering the option to list Telelink Business Services both in Bulgaria and on a foreign stock exchange. Telelink Business Services is expected to generate a turnover of some 70 million euro this year, Minchev said at the time. In 2017, Telelink reorganised its business into four new companies - Telelink Business Services, Telelink Infra Services, Telelink City Services and Telelink Labs. The four companies became part of newly established holding group Telelink Bulgaria.

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  • Home
  • News
  • Events
    • 2023
      • CEE Business Services Summit & Awards 2023
      • BSC Directors VIP WineTastings 2023
      • BSC Charity Beach Volleyball Tournaments - June and August 2023
      • Build it or Buy It?: Outsourcing in CEE and Poland
  • CEE BSC Summit & Awards
    • 2023
      • Winners & Shortlist 2023
      • CEE Business Services Summit & Awards 2023
      • Photos: Awards Gala
      • Photos: Summit Days
      • 8 March: Showcase
      • 9 March: Agenda
      • Attendance
      • The Jury 2023
      • Sponsorship & Branding
      • Venue & FAQs
    • 2022
      • Winners & Shortlist 2022
      • Events Gallery
    • Events Videos
  • Directory
    • Buy Directory (PDF)
    • Update Directory Listing (2023)
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    • Meet the Directors-Videos
    • Cee BSC Tickets
  • SSC Volleyball
    • 2023
      • BSC Charity Beach Volleyball Tournaments - June - August 2023
      • Registration Details
      • Register Your Team
      • Credit Card Payment
      • Register For After-Party
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  • About
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