Bulgaria's Capman Green Energy Fund to buy Romania’s Solar East Energy Company

SOFIA (Bulgaria), November 21 (SeeNews) – Bulgaria's Capman Green Energy Fund [BUL:C4P] said it signed a preliminary contract for the acquisition of a 100% stake in Romania’s Solar East Energy Company for 250,000 euro ($319,400).

The deal is expected to be finalised by April 4, 2013, at the latest, Capman Green Energy Fund said in a bourse filing on Tuesday.

Solar East Energy Company owns a project for the construction of a 1.0 megawatt photovoltaic park in Rovine village, in Romania’s southern county of Ialomita.

The Romanian company posted a 67,599 lei ($19,070/14,910 euro) loss in 2011, according to data from the finance ministry's website.

Capman Green Energy Fund (www.capman.bg) focuses on power generation from renewable energy sources. It is listed on the Bulgarian Stock Exchange.

($ = 0.7819 euro)

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