August 31 (SeeNews) - Bulgarian power plant equipment maintenance company Atomenergoremont [BUL:ATOM] said on Wednesday that local investment firm EF Asset Management has amassed an overall stake of 5,8522% of its share capital.
EF Asset Management purchased 204,930 ordinary voting shares in Atomenergoremont with a settlement date of August 25, the target company said in a bourse filing.
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The stock was acquired on behalf of one of the investment firm's four funds, NMF EF Potential. The transaction takes to 452,220 the total number of shares in Atomenergoremont held by NMF EF Potential, equal to a stake of 2,9451%.
Two other funds managed by EF Asset Management - EF Rapid and EF Principal ETF - own 176,690 shares and 269,695 shares in the power plant equipment maintenance company, respectively. This represents equity stakes of 1,1507% and 1,7564%, respectively.
The value of the transaction was not disclosed.
Atomenergoremont's main client is Bulgaria's only nuclear power plant, Kozloduy NPP.
Last month, the company announced a 1.7% increase in net profit to 4.75 million levs ($2.4 million/2.4 million euro) on the back of a 42.5% jump in revenue to 26.7 million levs in the first half of 2022.
In June, shareholders in the power plant equipment maintenance company approved a dividend of 0.015 levs per share, or 230,327 levs in total, for 2021.
Shares in Atomenergoremont were trading 4% higher at 5.20 levs as at 1429 CEST on Wednesday on the BaSE market of the Bulgarian Stock Exchange.
(1 euro = 1.95583 levs)