August 2 (SeeNews) - Bulgaria's financial regulator said it has asked diversified group Industry Development Holding [BUL:6R1] to provide additional information regarding its intention to acquire a qualified holding in Sofia-based company Strategy Asset Management.
The Financial Supervision Commission (FSC) did not provide further details on its request in its statement, published on Wednesday.
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According to data from the Bulgarian commercial register, Strategy Asset Management has a registered capital of 250,000 levs ($148,570/127,820 euro), divided into 250,000 shares.
At the end of March, when Strategy Asset Management held its annual shareholders meeting, Industry Development Holding owned 22,500 shares in the company, while the remaining 227,500 shares were held by local company Web Finance Holding.
In June, the FSC banned the publication of a buyout bid by local company Development Group for the remaining 900,311 shares in Industry Development Holding [BUL:6R1], which it did not own at the time. The planned bid was priced at 2.0 levs per share.
Earlier this year, Industry Development Holding increased its share capital to 9.98 million levs from 980,925 levs by issuing nine million shares with a nominal value of 1 lev each at a price of 1.8 levs apiece.
(1 euro = 1.95583 levs)