February 21 (SeeNews) - Bulgaria's Financial Supervision Commission (FSC) said that it has temporarily suspended the publication of a buyout offer by local group Phoenix Capital Holding [BUL:0PH] for the remaining 48.89% stake in does not currently own in Exclusive Property REIT [BUL:5EX].
Phoenix Capital Holding is seeking to acquire 4,621,009 shares in Exclusive Property REIT, the regulator said in a statement.
You can subscribe to our M&A newsletter here
Last month, Phoenix Capital Holding said it will offer a price of 1.30 levs ($0.72/0.66 euro) per Exclusive Property REIT share.
Exclusive Property REIT shares last traded on the Bulgarian Stock Exchange at a price of 1.09 levs.
(1 euro = 1.95583 levs)