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Bulgaria's Euroins lifts stake in Bulland Investments REIT

Author Mario Tanev
Bulgaria's Euroins lifts stake in Bulland Investments REIT Author: Ken Teegardin. License: Creative Commons, Attribution 2.0 Generic.

SOFIA (Bulgaria), January 8 (SeeNews) - Bulgaria's Bulland Investments REIT [BUL:5BD] said on Wednesday that insurance company Euroins has increased its stake in the company to 8.33% on December 27.

Following the transaction, Euroins controls 1,249,796 shares in Bulland Investments REIT, the real estate investment trust said in a bourse filing.

Also on December 27, Euroins Romania Asigurare Reasigurare decreased its stake in the company to 4.92%.

Both Euroins Romania Asigurare Reasigurare and Euroins are part of Bulgarian financial and insurance group Eurohold Bulgaria [BUL:4EH].

Euroins Romania Asigurare Reasigurare owned an 11.72% stake in Bulland Investments REIT at the end of September, while Euroins held a stake of under 5%, according to the REIT's most recent financial statement.

Bulland Investments REIT shares last traded on the Bulgarian Stock Exchange at a price of 1.07 levs ($0.61/0.55 euro).

(1 euro = 1.95583 levs)

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