May 4 (SeeNews) - Bulgaria's financial regulator said that it has temporarily suspended the publication of a buyout bid by local company Development Group for the remaining 900,311 shares in its subsidiary Industry Development Holding it does not already own.
The buyout bid is priced at 2 levs ($1.22/1.02 euro) per share, the Financial Supervision Commission said in a statement late on Thursday.
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The regulator provided no further details.
Industry Development Holding shares last traded on the Bulgarian Stock Exchange at a price of 1.95 levs per share.
Industry Development Holding's capital is divided into 9.98 million shares with a nominal value of 1 lev each.
(1 euro = 1.95583 levs)