April 3 (SeeNews) - Bulgaria's Financial Supervision Commission (FSC) said that it has banned the publication of a buyout offer by local group Phoenix Capital Holding [BUL:0PH] for the remaining 48.89% stake in does not currently own in Exclusive Property REIT [BUL:5EX].
The regulator did not provide further details in its statement, published on Thursday.
You can subscribe to our M&A newsletter here
Last month, Phoenix Capital Holding increased the price of its buyout offer to 1.45 levs ($0.80/0.74 euro) per share from 1.30 levs share, after its initial bid was suspended by the financial regulator, which asked for corrections.
Exclusive Property REIT shares last traded on the Bulgarian Stock Exchange at a price of 1.07 levs.
(1 euro = 1.95583 levs)