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Bulgarian pension insurer Badeshte grows stake in Port Fleet 99

Bulgarian pension insurer Badeshte grows stake in Port Fleet 99 Author: Ken Teegardin. Licence: Creative Commons, Attribution-ShareAlike 2.0 Generic.

SOFIA (Bulgaria), September 15 (SeeNews) - Bulgarian ship towage company Port Fleet 99 [BUL:PF99] said that local pension insurance company Badeshte has indirectly acquired 68,000 shares of the company.

As a result of the transaction, universal pension fund Badeshte, managed by the pension insurer, now owns 139,500 voting shares in Port Fleet 99, representing a stake of 6.95%, the ship towage company said in a bourse filing on Tuesday.

Voluntary pension fund Badeshte, another pension fund run by pension insurance company Badeshte, owns directly 0.21% of Port Fleet 99's capital, according to the bourse filing.

According to the most recent financial statement of Port Fleet 99, pension insurance company Badeshte held a stake of less than 5% in the company at the end of June.

Port Fleet 99 also said in its bourse filing that local EF Asset Management has sold 68,000 shares with voting rights in the company.

As a result of the deal, the EF Principal fund, run by EF Asset Management, lowered its direct shareholding in Port Fleet 99 to 55,125 shares, representing a stake of 2.7447%.

According to Port Fleet 99's latest financial report, EF Principal directly owned a stake of 6.13% in the ship towage firm.

As at 15:30 CET on Wednesday, shares in Port Fleet 99 traded flat at a price of 7.15 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)