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Oct 30, 2007 15:10 EEST
SOFIA (Bulgaria), October 30 (SeeNews) – The Bulgarian Stock Exchange (BSE) on Tuesday said it will drop Bulgaria’s dominant fixed-line telecoms company BTC from its blue-chip index.
The change takes effect on November 7 under a decision of the bourse's board of directors, the BSE said in a statement but gave no reason for its decision.
BSE officials were not immediately available to comment.
Earlier this year, AIG Global Investment Group (AIGGIG) agreed to buy 65% of BTC for 1.08 billion euro (1.5 billion) from Novator, a company owned by Icelandic tycoon Thor Bjorgolfsson. AIGGIG later increased its stake in BTC to 90.07% and has said it plans to delist the company from the BSE.
BTC stock ended 0.18% higher at 11 levs in a volume of some 360 shares on Tuesday.
($ = 0.6949 euro)
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