The Financial Supervision Commission has approved the prospect of the local winery Todoroff for floating shares on the local stock exchange. The winery will offer for sale 23.5% of the share capital. Sales of Todoroff grew at very quick rates in the past years but from a very low base. Last year’s revenues are seen at some EUR 1mn. The winery is located in the southern region of Brestovitsa and is focused on exports to EU countries and the US .
Source: Intellinews - Bulgaria Today