April 8 (SeeNews) - Bulgaria's Financial Supervision Commission said that it has temporarily suspended the publication of a buyout offer by local diversified group Synergon Holding [BUL:6S7] for the remaining 185,802 shares it does not own in lighting equipment retailer Svetlina [BUL:3LX].
The regulator did not provide further details in its statement, published on Friday.
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Last month, Svetlina said that Synergon Holding is offering to pay 5.5 levs ($3.16/2.81 euro) per each of the shares it wants to acquire.
The 185,802 shares are equal to a 42% stake in Svetlina.
Svetlina shares last traded on the Bulgarian Stock Exchange at a price of 5.2 levs per share.
Synergon Holding was set up in 1996 as a privatisation fund under Bulgaria's voucher privatisation programme. The fund was transformed into a holding structure the following year. It has more than 25 subsidiaries and affiliated companies operating in various sectors of the Bulgarian economy.
(1 euro = 1.95583 levs)