Blocks Group AD has successfully completed a deal that ensured the financing of its further expansion in Greece, Bulgaria and Romania. The leading long-term care and rehabilitation in Southeast Europe has completed a bond issue of 30,2 million euro with Sofia International Securities as lead manager and Bulgarian Development Bank as co-manager of the issue.
Thanks to this investment, Blocks will strengthen its position as a leading operator in long-term care and rehabilitation not only in Bulgaria but throughout Southeast Europe. The bond is also supported by leading financial institutions such as the Bulgarian Development Bank and the Allianz Group pension funds, managed by Allianz Bulgaria Pension Company.
Blocks Founder and CEO Ilian Grigorov said: “We are very pleased, not only that we have secured the funding for our ambitious investment program in the region, but also that we did it during such turbulent and uncertain times. This is an attestation of the trust of the investors in our company, our business model and our execution skills. The bond will help us solidify our position as the leading long-term care and rehabilitation operator in Southeast Europe and particularly our core markets, Greece, Bulgaria and Romania.”
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