January 18 (SeeNews) - Bulgarian building materials and fuel retailer Toplivo [BUL:3TV] said on Monday that local company Erast has increased its stake in Toplivo to 6.40%.
Erast acquired 3.84% interest in Toplivo on Monday, Toplivo said in a stock exchange filing.
You can subscribe to our M&A newsletter here
Earlier on Monday, Bulgarian diversified group Synergon Holding [BUL:6S7] said that it signed a deal on Monday to acquire 0.19% interest in Toplivo, increasing its stake in the company to 84.14%.
As at 15:15 CET on Monday, shares in Toplivo traded 5.50% lower at 1.89 levs ($1.17/0.97 euro) on the Bulgarian Stock Exchange. Shares in Synergon had not yet traded by the same hour.
(1 euro = 1.95583 levs)