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Bulgarian insurer Armeec acquires 4.44% stake in CCB Real Estate Fund REIT

Author Mario Tanev
Bulgarian insurer Armeec acquires 4.44% stake in CCB Real Estate Fund REIT Author: Ken Teegardin. License: Creative Commons, Attribution 2.0 Generic.

SOFIA (Bulgaria), March 18 (SeeNews) - Bulgaria's CCB Real Estate Fund REIT [BUL:5CK] said on Monday that local insurance company Armeec has acquired 47,800 shares in the company, equal to a 4.44% stake, for a total of 3.35 million levs ($1.94 million/1.71 million euro).

The deal was concluded on March 14 outside the floor of the Bulgarian Stock Exchange, CCB Real Estate Fund REIT said in a statement.

Armeec held a 11.52% stake in CCB Real Estate Fund REIT at the end of 2018.

(1 euro = 1.95583 levs)

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