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Bulgarian drug maker Sopharma raises stake in Medica to 66.72%

Author Nina Byalkova
Bulgarian drug maker Sopharma raises stake in Medica to 66.72% akank/Shutterstock.com

SOFIA (Bulgaria), October 27 (SeeNews) – Bulgarian drug maker Sopharma [BUL:3JR] said on Monday it raised its stake in medical products maker Medica [BUL:5MA] to 66.72%.

On October 22, Sopharma acquired 3.08 million Medica shares, the company said on Monday in a bourse filing.

The value of the deal was not disclosed.

On Friday Doverie United Holding [BUL:5DOV] said its unit Doverie Capital sold 3.08 million Medica shares, equal to a 30.59% stake in the company. After the deal, Doverie Capital's stake in Medica fell to 29.61%.

In March, Sopharma obtained the competition regulator's approval to take over Medica. At the time, the regulator said Sopharma's mid-term plans include a possible absorption of Medica within the next three or five years.

 

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