November 16 (SeeNews) - Bulgaria’s investor Holding Varna [BUL:5V2] has added 4.6% to its majority interest in hotel group Sv. sv. Konstantin i Elena Holding [BUL:3NJ] for 1.5 million levs ($889,000/784,000 euro).
The diversified holding company bought 108,000 shares for 14.2 levs apiece, Sv. sv. Konstantin i Elena Holding reported on Thursday.
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Holding Varna owned 52% of Sv. Sv. Konstantin i Elena Holding as of September 2018, according to its nine-month report.
Sv. sv. Konstantin i Elena Holding owns and operates through its subsidiaries seven hotels, most of them on the Black Sea coast, rents out space and provides construction services. The company generated a revenue of 19.6 million levs in 2017.
(1 euro = 1.95583 levs)