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Monbat

Monbat boosts investment plans with EUR30m bond issue

Tue, 10/17/2017 - 09:23 -- News Editor
Monbat boosts investment plans with EUR30m bond issue

The board of Bulgarian lead-acid battery manufacturer Monbat has given the go-ahead for the firm to issue seven-year corporate bonds worth up to EUR30 million ($35.4m).

Monbat told Bulgaria’s Financial Supervision Commission that the decision, made on 10 October, will see the company issue up to 30,000 bonds with a nominal value of EUR1,000 each.

 

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Monbat snaps up Italian battery recycling business

Mon, 10/02/2017 - 14:10 -- News Editor
Monbat snaps up Italian battery recycling business

Bulgarian lead-acid battery manufacturer Monbat is to acquire Italian battery recycling company Piombifera Italiana for an undisclosed sum.

The acquisition, to be made through Monbat’s recycling subsidiary, was triggered by “the increased demand for raw materials for the production of lead batteries”, Monbat said in a statement to Bulgaria’s Financial Supervision Commission.

 

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Monbat plans Tunisian lead-acid stake

Tue, 08/22/2017 - 09:57 -- News Editor
Monbat plans Tunisian lead-acid stake

Bulgarian lead-acid battery manufacturer Monbat is set to buy a majority stake in Tunisian lead-acid batteries business Assad.

Sofia-based Monbat said in an announcement to the Bulgarian Stock Exchange it had signed a letter of intent with Assad’s main shareholders but gave no other details.

 

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Monbat moves into lithium-ion with German acquisitions

Mon, 07/03/2017 - 10:55 -- News Editor
Monbat moves into lithium-ion with German acquisitions

Bulgarian lead-acid battery manufacturer Monbat has moved into the lithium-ion business with the acquisition of German peers Gaia Akkumulatorenwerke and EAS Germany.

The financial terms of the acquisition were not disclosed, but Monbat said it had acquired 100% of all tangible and intangible assets of both companies and is merging them into the EAS Batteries business in Nordhausen, northeast Germany.

 

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Monbat in licensing discussions with Olife for lithium/supercap automotive power pack

Thu, 10/09/2014 - 15:52 -- Editor
Monbat

Bulgarian lead-acid battery manufacturer Monbat is considering taking a manufacturing license for a novel lithium-ion/supercap automotive starter battery designed by Olife.

Czech developer Olife is currently testing a 12V lithium iron phosphate/supercapacitor system designed to offer a reliable lead-free operation in freezing temperatures and necessary cranking current for automotive start-stop applications.

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Bulgaria’s MonBat plans to sell Serbian battery recycling plant

Fri, 07/04/2014 - 13:07 -- Editor
Monbat

Bulgarian car battery producer MonBat is to sell its battery recycling plant in Serbia.

MonBat chairman Atanas Bobokov said the plant is not working due to lack of raw materials and, respectively, due to the political and competitive pressure under which the company was placed over the last several years, reports SeeNews.

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