November 20 (SeeNews) - Bulgaria's Aktiv Properties REIT [BUL:5AX] said that local mutual fund Advance Invest has decreased its stake in the company to 2.74% from 5.11%.
Aktiv Properties REIT received notification for the change on November 16, the company said in a statement on Friday.
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Advance Invest is managed by local Karoll Capital Management. The open-end mutual fund invests in stocks listed on the stock exchanges in Bulgaria and Romania.