December 14 (SeeNews) - Bulgarian Receivables Fund SPE [BUL:9BH] said on Friday that local financial services company Bulfinance Investment [BUL:0BVA] has acquired an 86.67% stake in the company, becoming its sole owner.
On December 7, a total of 1.3 million shares in Bulgarian Receivables Fund SPE, equal to a 86.67% stake in the company, changed hands in several deals on the Bulgarian Stock Exchange for a total price of 1.33 million levs ($769,000/680,000 euro).
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Among shareholders with over 5% interest in Bulgarian Receivables Fund SPE, Bulgarian Private Equity Fund [BUL:BPT] sold the largest stake - of 13.33%, the special purpose entity said in a statement.
Opportunity Bulgaria Investment [BUL:I67] sold an 8.67% stake, while funds managed by local Compass Invest and Toplina sold 11.33% and 6.0%, respectively.
Bulgarian Receivables Fund SPE started trading on the BSE on November 2.
In July, the financial regulator issued a licence to Bulgarian Receivables Fund SPE, allowing the company to act as a special purpose entity and approved its prospectus for an initial capital increase.
Subsequently, the company increased its capital from 500,000 levs to 1.5 million levs in August.
According to the commercial register, Bulgarian Receivables Fund SPE's main activity is debt purchase and securitization.
(1 euro = 1.95583 levs)