Bulgarian Industrialen Holding - Doverie's buyout bid for Maritzatex draws little interest

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.

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)