Update on previously announced information regarding potential acquisition transactions in Romania and Sweden
Sofia, 23 July 2026 — Telelink Business Services Group AD (the “Company”) today provided an update on its previously announced acquisition activity, further to the information disclosed on 22 May 2026 regarding the potential execution and completion of transactions for majority equity interests in five companies.
The Company informs investors that it has submitted an updated offer to acquire 100% of the share capital of three companies under common control incorporated in Romania. Separately, the Company’s management has decided to discontinue a potential acquisition in Sweden.
Romania: Updated Offer for Three ERP and CRM Businesses
The target companies provide consulting, implementation, and maintenance services relating to enterprise resource planning (“ERP”) and customer relationship management (“CRM”) systems, IT automation solutions, and artificial intelligence (“AI”) technologies for domestic and international corporate clients.
The transaction structure contemplated by the offer includes an initial acquisition of 70% of the share capital of each of the three companies, under which the interests held by three of the sellers would be acquired in full and the interests of the remaining two sellers acquired in part. Two subsequent staged acquisitions are contemplated in 2028 and 2029, covering the remaining 15% equity interests held by each of the two remaining sellers.
The updated offer has been approved by the Company’s Supervisory Board and accepted by the sellers of the target companies. Its binding nature remains subject to the parties reaching agreement on the terms of the Share Purchase Agreement (“SPA”) and the Shareholders’ Agreement (“SHA”). Completion of the transaction will further be subject to the satisfaction of a number of conditions precedent, including but not limited to the successful arrangement of a bank investment loan and receipt of approval from the Romanian Commission for the Examination of Foreign Direct Investments (CEISD). The parties are currently reviewing and negotiating the terms of the SPA and the SHA.
Sweden: Discontinuation of a Potential Acquisition
With respect to the potential acquisition of a 51% equity interest in a company incorporated in Sweden, the Company’s management has decided to discontinue the pursuit of that investment opportunity. The decision was driven by the deterioration in the target company’s financial performance and business outlook identified during negotiations, together with material and irreconcilable differences between the parties regarding key terms of the share purchase agreement and shareholders’ agreement.
Continued Commitment to International Expansion
Notwithstanding the termination of negotiations in relation to this particular opportunity, Telelink Business Services Group AD remains firmly committed to the implementation of its international expansion strategy. The Company will continue to actively pursue acquisition opportunities and the establishment of a sustainable presence in the European and Nordic markets.
This announcement is disclosed pursuant to Art. 17 § 1 of Regulation (EU) No 596/2014 (Market Abuse Regulation) and Art. 100r of the Bulgarian Public Offering of Securities Act.
