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Bulgarian-based Baltimore acquires 0.04% of local co Lavena in buyout

Nov 14, 2012, 12:30:05 PMArticle by Velizar Uzunov
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SOFIA (Bulgaria), November 14 (SeeNews) – Bulgarian-based company Baltimore said on Wednesday it acquired 0.04% of local lavender oil and cosmetics producer Lavena [BUL:4L4] in a buyout.

Bulgarian-based Baltimore acquires 0.04% of local co Lavena in buyout

Baltimore bought a total of 80 shares Lavena, the company said in a statement, published in the local press.

Baltimore held 134,786 Lavena shares, equal to 67.11% of the cosmetics company’s capital, upon the buyout launch in October.

It offered to pay 40.24 levs ($26.2/20.6 euro) per Lavena share.

(1 euro = 1.95583 Bulgarian levs)

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