April 29 (SeeNews) - Bulgaria's Capital Management REIT [BUL:5CQ] said that Armitex has lowered its stake in the company by selling 22,940 shares for 1.49 million levs ($827,000/762,000 euro).
Armitex sold the shares in seven transactions on the Bulgarian Stock Exchange on April 24 and April 27, Capital Management REIT said in two separate statements on Tuesday.
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Earlier this month, Armitex sold 22,300 shares in Capital Management REIT for 1.45 million levs
Capital Management REIT shares closed at 65 levs on the Bulgarian Stock Exchange on Tuesday.
Armitex was the biggest shareholder in Capital Management REIT at the end of 2019 with a 45.61% stake.
(1 euro = 1.95583 levs)