North Macedonia-based construction company Granit announced the acquisition of local mining company Lep-Kop Invest for 5,000 euro ($5,528). According to a statement filed with the bourse on Tuesday, Lep-Kop Invest specializes in the extraction of gravel, sand, clay, and kaolin.
The acquisition was completed on September 2. On the same day, Granit’s shares were trading at an average price of 1,565 denars ($28.1/25.4 euro) on the Macedonian Stock Exchange, based on the latest available data.
Granit, established in 1952 and privatized in 1996, focuses primarily on the construction and rehabilitation of roads. The company also operates several concrete and asphalt plants, along with stone quarries.
