5 October 2007 - Austrian Soravia Gruppe plans to invest some 300 million euro in Bulgaria's property, outdoor advertising, soft drinks and fruit juice industries over the next three years, a Soravia spokesperson told local newspapers.
According to the papers, potential acquisition targets for Soravia are beverage, fruit juice and mineral water bottling companies in South-eastern Europe.
Talks are already underway with several such companies. The potential deals could be closed within a year.
In Bulgaria, Soravia already owns Devin, a water bottling company. The spokesperson told journalists that up to 30 million euro will be invested in a new Devin bottling line.