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Bulgarian pension fund Badeshte acquires 6.98% of Port Flot-Burgas

Author Mario Tanev
Bulgarian pension fund Badeshte acquires 6.98% of Port Flot-Burgas Photo: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), September 2 (SeeNews) - Bulgarian shipping company Port Flot-Burgas [BUL:P2B] said on Monday that local Badeshte Universal Pension Fund has acquired a 6.98% stake in the company for an undisclosed price.

At the same time, Port Flot-Burgas' biggest shareholder - ARZ Holding, cut its stake in the company to 85.48%, Port Flot-Burgas said in a bourse filing.

On August 26, a 6.98% stake in Port Flot-Burgas traded in a single deal worth some 2.79 million levs ($1.6 million/1.4 million euro) on the Bulgarian Stock Exchange, according to bourse data.

Port Flot-Burgas shares started trading on the BSE last month. 

At the time of its listing, the company was 99.99% owned by local ARZ Holding-2002, according to commercial register data. Local private investor Dimitar Hristov controled the remaining 1 share.

ARZ Holding-2002 is fully owned by Great Britain-registered Monterina Ltd.

(1 euro = 1.95583 levs)

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