February 8 (SeeNews) - Bulgarian hotel operator Albena [BUL:ALB] said on Wednesday that its subsidiary, renewable energy company Perpetuum Mobile BG, signed an agreement to take out a 250,000 levs ($137,000/128,000 euro) loan from its other unit, Ahtopol Resort.
The loan has an annual interest rate of 4.5% and should be repaid by July 31, 2024, Albena said in a stock exchange filing. The total interest due will be some 11,719 levs.
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Albena owns the eponymous resort on the northern Black Sea coast, as well as Byalata Laguna holiday village in the north and Primorsko holiday village on the south coast. It has several subsidiaries active in transport, agriculture, construction, medicine and spa services, along with tour operators.
As of 1540 CET on Wednesday, shares in Albena traded 1.50% lower at 26.20 levs on the Bulgarian Stock Exchange.
(1 euro = 1.95583 levs)