April 28 (SeeNews) - Bulgarian ship towage company Port Fleet 99 [BUL:PF99] said that local pension insurance company Badeshte has indirectly acquired 21,500 shares in the company on April 21.
As a result of the transaction, funds managed by the pension insurer now own 213,250 voting shares in Port Fleet 99, representing a stake of 10.62%, the ship towage company said in a bourse filing on Wednesday.
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Prior to the transaction, Badeshte pension insurance company held an indirect stake of 6.95% in Port Fleet 99, according to the filing.
After the deal, voluntary pension fund Badeshte owns directly 1.28% of Port Fleet 99's capital, while universal pension fund Badeshte and professional pension fund Badeshte hold stakes of 6.95% and 2.39%, respectively.
As at 11:40 CET on Thursday, shares in Port Fleet 99 traded flat at a price of 7.20 levs on the floor of the Sofia bourse.
Port Fleet 99 is active in harbour towage and manoeuvring of ships, sea towage and cargo handling services.
(1 euro = 1.95583 levs)