SOFIA (Bulgaria), October 17 (SeeNews) – Bulgarian real estate investment trust (REIT) Super Borovets Property Fund [BUL:6SB] said on Tuesday minority shareholder Bulcontract-2003 has decreased its stake in the REIT to 28.58% from 30.14%.
Bulcontract-2003 is now holding 4.6 million Super Borovets Property Fund shares, the REIT said in a statement.
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No further details were provided.
Super Borovets Property Fund has increased its capital to 16.2 million levs ($9.7 million/8.3 million euro) from 10.6 million levs via a new share issue, Bulgaria's financial regulator said earlier this month.
(1 euro = 1.95583 levs)