Transpekt AD agreed to acquire Union Ivkoni OOD from Synthetica AD (BUL:EHN) and Ivaylo Konstantinov on October 1, 2019. Transpekt will acquire 51% stake in Union from Synthetica AD and the remaining 49% from a private investor Ivaylo Konstantinov. The transaction has been approved by the Bulgarian antitrust authority. On January 30, 2019, Transpekt completed the acquisition of 51% stake in Union from Synthetica. Transpekt financed the deal through two loans from state-owned Bulgarian Development Bank with a total face value of €41.1 million ($46.7 million). Transpekt AD completed the acquisition of Union Ivkoni OOD from Synthetica AD (BUL:EHN) and Ivaylo Konstantinov for €2.5 million on February 26, 2019.