May 18 (SeeNews) - Bulgaria's Capital Management REIT [BUL:5CQ] said that local Armitex lowered on Monday its stake in the company to 39.99% from 44.97%.
Armitex currently holds 703,143 shares in the company, Capital Management REIT said in a statement.
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Armitex has been actively divesting small packages of Capital Management REIT shares during the past two months.
Capital Management REIT shares last traded at 65 levs ($35.9/33.2 euro) on the Bulgarian Stock Exchange.
Armitex was the biggest shareholder in Capital Management REIT at the end of 2019 with a 45.61% stake.
(1 euro = 1.95583 levs)