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Bulgarian insurer CCB Life ups stake in Asenova Krepost

Author Mario Tanev
Bulgarian insurer CCB Life ups stake in Asenova Krepost wrangler/

SOFIA (Bulgaria), March 25 (SeeNews) - Bulgarian polymer packaging producer Asenova Krepost [BUL:6AN] said that local insurer CCB Life has increased its stake in the company by acquiring 6,650 shares at a price of 12.9 levs ($7.14/6.60 euro) per share.

CCB Life acquired the shares through a deal on the floor of the Bulgarian Stock Exchange on March 18, Asenova Krepost said on Tuesday.

Asenova Krepost shares last traded on the Bulgarian Stock Exchange at a price of 12.8 levs.

The 7,100 shares represent 0.155% interest in Asenova Krepost.

Also on March 18, Bulgaria's Capital Invest acquired 7,100 shares in Asenova Krepost at an average price of 12.9 levs per share.

Both Capital Invest and CCB Life are part of one of the largest groups in the country - Invest Capital. Invest Capital is also the majority owner of industrial group Chimimport [BUL:6C4], lender Central Cooperative Bank (CCB) [BUL:4CF], insurer Armeec, flag carrier Bulgaria Air, and a number of other large companies.

Last year, Asenova Krepost raised 18.9 million levs in a capital increase priced at 10.8 levs per share.

(1 euro = 1.95583 levs)