SOFIA (Bulgaria), October 16 (SeeNews) – Bulgarian lavender oil and cosmetics producer Lavena [BUL:4L4] said on Monday its majority owner, Sofia-based Baltimor, has subscribed for and paid for 40,904 shares from Lavena’s capital increase at a price of 79 levs ($47.7/40.4 euro) per share.
Earlier this month, Lavena said it has raised 4.2 million levs in a capital hike, as 53,329 shares were subscribed for and fully paid for.
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Baltimor paid a total of 3.2 million levs for the shares it acquired, which were equivalent to 76.7% of all shares subscribed for in Lavena’s capital hike, Lavena said in a bourse filing.
At end-June, Baltimor held a 74.64% stake in Lavena, according to the cosmetics maker’s first-half financial statement.
Lavena, established in 1962, owns lavender plantations and exports its products to Europe, Asia, Africa, Australia and the U.S.
Bulgaria is among the world's biggest producers of lavender oil.
(1 euro = 1.95583 levs)