September 4 (SeeNews) - The Bulgarian central bank said on Friday it declined to give approval to Doverie Industrial Holding to acquire 99.53% of Sofia-registered Tokuda Bank.
In its press release the Bulgarian National Bank did not elaborate on the reasons for its decision.
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In June Industrial Holding Doverie said it had signed a preliminary contract to acquire 99.53% of Sofia-registered Tokuda Bank from its Japan-based owner International Hospital Service (IHS) aiming to diversify its portfolio.
IHS plans to sell its shareholdings in Tokuda Bank in order to focus on its main business, the healthcare industry, the chairman of IHS Supervisory Board, Arthur Stern, said in the press release.
Industrial Holding Doverie is part of Doverie United Holding [BUL:5DOV], which owns stakes in more than 20 companies in different branches of the economy including medical equipment, construction materials and textile.
(1 euro=1.95583 levs)