July 20 (SeeNews) - Sofia-based real estate investment company 235 Holdings [BUL:94G] said it has completed the acquisition of 100% of local 235 Developments for an undisclosed price, under a deal signed on June 26.
Together with the acquisition, 235 Holdings increased the capital of 235 Developments to 4.8 million levs from 2 levs, 235 Holdings said in a filing to the Bulgarian Stock Exchange post market hours on Thursday.
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According to data from the commercial register, 235 Developments was fully owned by private investor Hristo Mitkov prior to the deal.
235 Developments' main activities include construction and sale of buildings, trade in building materials, architecture services, interior design and consultancy, commercial register data shows.
On Thursday, a total of 156,500 shares in 235 Holdings [BUL:94G], representing a 3.06% stake in the company, changed hands in a block deal on the Sofia bourse at 6.4 levs, 12.28% higher than the shares' previous closing price.
On Wednesday, 235 Holdings shares added 14% to 5.7 levs in a block deal for 100,000 shares.
235 Holdings started trading on the Sofia bourse on July 5. In the first transaction with company shares on the BSE, its share price grew to 5 levs from 1 lev.
Last week, 235 Holdings said it became the sole owner of local companies E-Concierge, Exclusive Facilities Management and Soft Start Incubators.
Following the acquisitions, 235 Holdings increased the registered capital of all three companies. Soft Start Incubators' capital was increased by 100,000 levs, while the capital of each of E-Concierge and Exclusive Facilities Management was increased by 50,000 levs.
Last month, 235 Holdings increased its capital to 5.1 million levs from 100,000 levs by issuing 5 million shares at a price of 1 lev apiece, equal to the par value.
(1 euro = 1.95583 levs)