Soravia invests E300 million in Bulgaria's soft drink industry

Austria-based real estate firm Soravia Gruppe is planning to invest around E300 million in Bulgaria to develop soft drinks and fruit juice industries over the coming three years, a local newspaper has reported.

The company is looking for acquisitions in the beverage, fruit juice and mineral water bottling companies in south-eastern Europe, according to the reports.

The paper also reported that the company which is in talks with several companies may close some deals within a year.

Soravia which already owns Devin, a water bottling company, in Bulgaria is planning to invest around E30 million.

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