January 7 (SeeNews) - Bulgaria's SLS Realty REIT said that local insurer Euroins has increased its stake in the company to 9.7309% on December 27.
Following the transaction, Euroins controls 194,617 shares in the real estate investment trust, SLS Realty REIT said in a statement.
You can subscribe to our M&A newsletter here
Also on December 27, EIG Re decreased its stake in SLS Realty REIT to 4.2067%.
Both Euroins and EIG Re are part of local Euroins Insurance Group.
At the end of September, EIG Re owned a 9.42% stake in SLS Realty REIT, while Euroins held a stake of under 5%, according to the REIT's most recent financial statement.
SLS Realty REIT shares last traded on the Bulgarian Stock Exchange at a price of 4.8 levs ($2.74/2.45 euro).
(1 euro = 1.95583 levs)
Euroins AD is among the biggest insurers in SEE. You can download our SEE Top 100 ranking
here or subscribe to our free Top 100 newsletter
here