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Sep 27, 2023 16:15 EEST
September 27 (SeeNews) - Bulgaria’s Aktiv Properties REIT [BUL:AKTV] said on Wednesday that it has invested 80,000 levs ($43,378/40,903 euro) in its wholly-owned subsidiary, real estate company Rest and Fly, to raise the unit's capital.
Aktiv Properties acquired 800 new shares in Rest and Fly at 100 levs apiece, fully subscribing to the unit's capital increase, the parent company said in a bourse filing. Rest and Fly's equity capital now amounts to a little over 3 million levs, commercial register data show.
In May, Aktiv Properties' shareholders approved the planned purchase of Rest and Fly from Super Borovets Property Fund REIT [BUL:SBPF] at a price between 10.2 million levs and 10.8 million levs.
Shares in Aktiv Properties last traded on Monday when they closed at 6.40 levs on the Bulgarian Stock Exchange, bourse data show.
(1 euro = 1.95583 levs)
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