Chimimport
Encyclopedia
Chimimport AD is one of the largest Bulgaria
n holding companies. After the report of the Minister of Trade and Food Supplies dated 24th March 1947, the Council of Ministers on their meeting dated 4th April 1947 with Ordinance 7 – Protocol 50, it established the State Trade Company under the name of “Chimimport” with main activity import of chemical products. Until 1994 the company was only chemical trader, but it was bought by the TIM Group from buglarian city of Varna
and later in 1997 preregistered and used only as a holding company. The main scope of activities of Chimimport AD includes the acquisition of shares, the restructuring and management of subsidiaries belonging to the portfolio of companies, establishment of new subsidiaries companies, capital investments and financing other enterprises where “Chimimport” AD is a shareholder:
Since 2007 the company is listed on the Bulgarian Stock Exchange - Sofia
and participates in the main Bulgarian index SOFIX
.
Bulgaria
Bulgaria , officially the Republic of Bulgaria , is a parliamentary democracy within a unitary constitutional republic in Southeast Europe. The country borders Romania to the north, Serbia and Macedonia to the west, Greece and Turkey to the south, as well as the Black Sea to the east...
n holding companies. After the report of the Minister of Trade and Food Supplies dated 24th March 1947, the Council of Ministers on their meeting dated 4th April 1947 with Ordinance 7 – Protocol 50, it established the State Trade Company under the name of “Chimimport” with main activity import of chemical products. Until 1994 the company was only chemical trader, but it was bought by the TIM Group from buglarian city of Varna
Varna
Varna is the largest city and seaside resort on the Bulgarian Black Sea Coast and third-largest in Bulgaria after Sofia and Plovdiv, with a population of 334,870 inhabitants according to Census 2011...
and later in 1997 preregistered and used only as a holding company. The main scope of activities of Chimimport AD includes the acquisition of shares, the restructuring and management of subsidiaries belonging to the portfolio of companies, establishment of new subsidiaries companies, capital investments and financing other enterprises where “Chimimport” AD is a shareholder:
- Finance and insurance
- Pension insurance
- Production of oil and gas
- Production and trading with petrolium products
- Buying up, processing and trading with grain and oilseed oils
- Trading with chemicals and fertilizers
- Aviation transport (Bulgaria airBulgaria AirBulgaria Air , is the flag carrier airline of Bulgaria, with its head office on the grounds of Sofia Airport in Sofia. The company is owned by Chimimport Inc and is a leader in terms of market share...
) and ground activities related to aircraft maintenance and repairs (Lufthansa Technik Sofia, owned through its subsidiary Balkan Hemus Group.
- River transport
- Maritime transport
Since 2007 the company is listed on the Bulgarian Stock Exchange - Sofia
Bulgarian Stock Exchange - Sofia
The Bulgarian Stock Exchange – Sofia is a stock exchange operating in Sofia, the capital of Bulgaria. It was originally founded as Sofia Stock Exchange on 15 April 1914 through a tsar's decree, but ceased to operate after the Second World War as Bulgaria became a communist state...
and participates in the main Bulgarian index SOFIX
SOFIX
SOFIX is the first official index of the Bulgarian Stock Exchange, started on October 20, 2000. It represents a correlation of the sum of the market capitalization of the companies within the index portfolio on the current day and the sum of the market capitalization of the same on the previous...
.