Share this article

Hungarian canning company Globus has said that it has signed an options contract with Bulgarian holding company Line to acquire a majority stake in Bulgaria’s largest frozen food and canning company, Storko, by the end of 2004.

Globus has an option to buy either a 51% stake in Storko for US$701,250 or a 66% stake jointly with Globus’ principal owner Deutsche Investitions- und Entwicklungsgeselleschaft for $907,500, reported Dow Jones International News.