Feb. 9 (Bloomberg) -- LUKERG Renew, a joint venture between Italy’s ERG SpA and OAO Lukoil, agreed to buy a 40 megawatt wind farm near the city of Dobrich in northern Bulgaria for 52 million euros ($69 million).
LUKERG Renew will control some 10 percent of the Bulgarian wind market after the transaction, signed with a unit Raiffeisen Bank International AG, LUKERG said on its website.
--Editors: Tim Farrand, Peter Woodifield
To contact the reporter on this story: Elizabeth Konstantinova in Sofia at firstname.lastname@example.org
To contact the editor responsible for this story: James M. Gomez at email@example.com