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Bulgaria
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Bulgaria's ImPulse I cuts stake in local Browswave

Oct 7, 2022, 11:32:40 AMArticle by Tanya Ivanova
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October 7 (SeeNews) - Bulgarian investment company ImPulse I [BUL:IMP] said on Thursday that its funds ImVenture I and ImVenture II have completed a deal to reduce their jointly held stake in local business intelligence platform Browswave.

Bulgaria's ImPulse I cuts stake in local Browswave
Photo: Vasil Kolchev

Under the deal, first announced in September, the funds lowered their stake to 5% from 25% by selling 12,500 common shares. The buyer is a person related to Browswave’s founder, ImPulse said in September without revealing the name.

The value of the transaction corresponds to the fair value of the positions reflected in the portfolios of the two investment funds. The price includes assumption of debt, the company said in September, without disclosing the amount.

ImVenture I and ImVenture II first invested in Browswave in December 2018.

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