BRIEF-Third Point confirms Nestle stake
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SOFIA, March 14 Sensata Technologies has opened its largest global testing facility in Sofia to support its automotive sensing technologies, the company said on Tuesday.
Sensata, which has manufacturing sites in 13 countries, already employs 3,000 people in Bulgaria where it produces pressure and high temperature sensors for the automotive market and operates a business centre.
In recent years, inexpensive labour, low taxes and an educated workforce have encouraged dozens of car part producers and IT and business outsourcing companies to set up in the Balkan country.
(Reporting by Tsvetelia Tsolova; editing by Jason Neely)
June 25 Russian billionaire Mikhail Fridman's fund L1 Retail has agreed to buy health food chain Holland & Barrett for about 1.8 billion pounds ($2.3 billion), according to a source familiar with the matter.
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