February 28 (SeeNews) - Bulgarian investment company Industrialen Holding – Doverie has acquired, in a buyout bid, 9,000 shares of local real estate management company Maritzatex [BUL:MTEX], representing a stake of 1,92%, Maritzatex said.
Industrialen Holding – Doverie’s offer to acquire the stake in Maritzatex it does not already own was accepted by a single shareholder, the real estate company said in a statement last week.
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The bidder submitted the buyout offer early in January, saying it will pay 0.65 levs ($0.37/0.33 euro) for each of the 46,674 shares it did not own, which represent 9.95% of Maritzatex's capital, the target company reported back then.
Shares in Maritzatex last closed at 1.10 levs on the Bulgarian Stock Exchange’s BaSE Market, bourse data showed.
The company recorded a net loss of 63,000 levs in 2021, compared with a loss of 259,000 levs a year earlier, according to its last quarterly individual financial report.
Industrialen Holding - Doverie is part of local group Doverie - United Holding.
(1 euro = 1.95583 levs)