Who owns Gorna Bania?
Gorna Bania is owned by Multi Group (Armenia), which has owned the brand since 2009.[1]
This ownership is reported in official statements but has not yet been matched to a regulatory filing.
Evidence: "Multi Group" Concern — Companies. Last checked .
Key facts
- Current owner
- "Multi Group" Concern reported
- Owned since
- Owner HQ
- 🇦🇲 Armenia, Yerevan
- Origin
- 🇧🇬 Bulgaria
- Category
- Beverages › Soft drinks › Bottled water
- Last verified
- · 1 sources
About Gorna Bania
Gorna Bania is a Bulgarian natural mineral water bottled by a company established in 1997 which holds a concession over part of the mineral spring at Gorna Bania in Sofia. It joined Multi Group in September 2009 and has since become one of the leading producers of bottled mineral and table water and carbonated soft drinks in Bulgaria, holding ISO 22000 and ISO 9001 certification and using a red dot on its mark as its sign of quality. It delivers directly to more than five thousand points of sale through 250 distributors and exports to Europe, the Americas and Asia.
Ownership timeline of Gorna Bania
- 2009 – present Multi Group [1] reported
Where Gorna Bania sits in Multi Group
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full Multi Group ownership tree →
See the full Multi Group brand portfolio (6) →
Other brands owned by Multi Group
Multi Group controls 6 brands on Brandtree, 5 of them in beverages.
Also in beverages
Other brands in bottled water, and who owns them
The 123 brands in bottled water on Brandtree belong to 74 owners. The largest is Spadel, with 5; Multi Group has 2.
About the owner: Multi Group
Multi Group is a privately held company headquartered in Yerevan, Armenia, founded in 1995. Brandtree records 6 brands under its control.
Multi Group Concern is an Armenian conglomerate founded by Gagik Tsarukyan, whose constituent meeting took place on 9 November 1995 and which now runs more than thirty enterprises from an office on Tsovakal Isakov Street in Yerevan. It was assembled largely out of Soviet-era industrial plants taken on at or after privatisation and restarted — the Abovyan brewery, the Yerevan Ararat brandy, wine and vodka factory, the Yerevan chemical-pharmaceutical firm, the Ararat cement works — and extended into businesses that had not existed in Armenia before, including a mineral water bottler in Bulgaria, a resort hotel in Tsaghkadzor, an urban wellness complex, a wholesale mall at Arinj and vehicle dealerships. Its consumer brands sit mostly in drinks: beer, brandy and bottled water. Much of the rest of the group is industrial, service or dealership business that carries no brand of its own.
🇧🇬 Gorna Bania and other Bulgarian brands
Brandtree records a controlling owner for 20 brands that began in Bulgaria. 13 of them (65%) are now controlled by a company headquartered in another country, Gorna Bania among them.
- Angel's Estate — Maspex 🇵🇱
- Devin — Spadel 🇧🇪
- A1 Bulgaria — América Móvil 🇲🇽
- Allergosan — Sopharma 🇧🇬
- Bulgaria Air — Bulgarian Airways Group 🇧🇬
- DSK Bank — OTP Bank 🇭🇺
Frequently asked questions
Who is the parent company of Gorna Bania?
The parent company of Gorna Bania is Multi Group, a privately held company headquartered in Armenia.
Is Gorna Bania Bulgarian or Armenian?
Gorna Bania originated in Bulgaria, but it is owned today by Multi Group, which is headquartered in Armenia. So Gorna Bania is a Bulgarian-origin brand under Armenian ownership.
Since when has Multi Group owned Gorna Bania?
Multi Group has owned Gorna Bania since 2009.
Is Gorna Bania still owned by Multi Group?
Yes. As of 20 September 2026, Gorna Bania is still owned by Multi Group. The ownership record was last checked against primary sources on that date.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] "Multi Group" Concern — Companies — "Multi Group" Concern, Official document; retrieved 20 September 2026.
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