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Bulgaria's 235 Holdings majority owner divests stake further

Author Mario Tanev
Bulgaria's 235 Holdings majority owner divests stake further Author: Ken Teegardin. Licence: Creative Commons.

SOFIA (Bulgaria), February 11 (SeeNews) - Bulgarian diversified group 235 Holdings [BUL:94G] said on Monday that its majority owner - Hong Kong-registered 235 Holdings Limited - decreased its stake in the company to 58.95% from 64.75% on February 2.

235 Holdings did not provide further details in its statement.

The last trading price of 235 Holdings on the Bulgarian Stock Exchange, of 14 levs per share, values the transaction at over 4.1 million levs ($2.4 million/2.1 million euro).

Hong Kong-registered 235 Holdings Limited held a stake of 97.87% in 235 Holdings in June 2018 but has sold nearly 40% in the company since then.

235 Holdings shares started trading on the Bulgarian Stock Exchange on July 4.

In June 2018, 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)

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