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Allianz Bulgaria cuts stake in M+S Hydraulic to 4.75%

Author Mario Tanev
Allianz Bulgaria cuts stake in M+S Hydraulic to 4.75% Photo: M+S Hydraulic / All rights reserved.

SOFIA (Bulgaria), December 2 (SeeNews) - Bulgarian hydraulic equipment manufacturer M+S Hydraulic [BUL:5MH] said on Monday that pension insurance company Allianz Bulgaria has decreased its stake in the company to 4.75% from 5.38%.

Following the transaction, Allianz Bulgaria owns 1,871,864 shares in M+S Hydraulic, the hydraulic equipment maker said in a bourse filing.

As at 12:30 CET on Monday, M+S Hydraulic shares traded 0.84% lower at 5.90 levs ($3.32/3.02 euro) on the Bulgarian Stock Exchange.

M+S Hydraulic is an affiliate of blue-chip diversified group Stara Planina Hold [BUL:5SR].

(1 euro = 1.95583 levs)

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