May 27 (SeeNews) - Bulgaria's Financial Supervision Commission (FSC) said that it has removed local hotel operator Velina [BUL:4VE] from the register of public companies.
Velina's capital comprises 1.53 million shares with a nominal value of 1 lev apiece ($0.56/0.51 euro), the regulator said in a statement on Tuesday.
Earlier this month, local company Tomov Development squeezed out minority shareholders in Velina in a bid priced at 8.40 levs per share.
Velina shares last traded on the Bulgarian Stock Exchange at a price of 8.35 levs, giving the company a market capitalisation of some 12.8 million levs.
(1 euro = 1.95583 levs)