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Bulgaria's Holding Varna lowers stake in Sv. Sv. Konstantin i Elena Holding

Bulgaria's Holding Varna lowers stake in Sv. Sv. Konstantin i Elena Holding Author: Ken Teegardin. License: Creative Commons, Attribution 2.0 Generic.

SOFIA (Bulgaria), February 17 (SeeNews) - Bulgarian diversified group Holding Varna [BUL:5V2] sold 60,500 shares in local hotel operator Sv. Sv. Konstantin i Elena Holding [BUL:3NJ], equivalent to a stake of 2.62% in the company, at a price of 14.610 levs ($7.0/6.4 euro) apiece, the hotel operator said on Monday.

Holding Varna sold the shares in a deal concluded on February 14, the hotel operator said in a bourse filing.

In a separate deal concluded earlier on Monday Holding Varna bought 55,500 shares in the hotel operator, priced at 13.390 levs apiece, Sv. Sv. Konstantin i Elena Holding said in another filing. 

Holding Varna held a stake of 53% in Sv. Sv. Konstantin i Elena Holding at the end of 2019, according to the company's most recent financial statement.

Sv. Sv. Konstantin i Elena shares last traded on the Bulgarian Stock Exchange on Monday, when they closed unchanged at 19.40 levs.

(1 euro = 1.95583 levs)

 

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