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Bulgaria's Albena sells majority stake in hotel operator Hemustourist

Dec 14, 2020, 12:00:00 AMArticle by Mario Tanev
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December 14 (SeeNews) - Bulgarian resort operator Albena [BUL:6AB] said on Monday that it has sold its 98.39% stake in local hotel operator Hemustourist.

Bulgaria's Albena sells majority stake in hotel operator Hemustourist
Photo: Albena / All rights reserved.

Albena did not provide further details in its stock exchange filing,

Hemustourist generated revenue of 692,000 levs ($430,000/354,000 euro) and a slim net profit of 1,000 levs in 2019, according to its annual financial statement. The company owns two hotels in the town of Gabrovo - Yantra and Balkan.

(1 euro = 1.95583 levs)

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