September 11 (SeeNews) - Bulgarian real estate investment trust (REIT) Balkan and Sea Properties [BUL:5H4] said local investment company Gama Finance has increased its stake in the REIT to 30.45% from 19.16%.
Following the transaction, Gama Finance owns 2.1 million Balkan and Sea Properties shares, the REIT said in a statement on Friday.
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The settlement of the transaction was carried out on September 7.
Balkan and Sea Properties shares last traded on September 7, when the closed flat at 14.45 levs ($8.88/7.39 euro) in a trading volume of 11,366 units.
(1 euro = 1.95583 levs)