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Bulgaria's Industrial Holding Doverie boosts stake in Hydroizomat in buyout bid

Bulgaria's Industrial Holding Doverie boosts stake in Hydroizomat in buyout bid Author: Hydroizomat. License: All rights reserved.

SOFIA (Bulgaria), October 11 (SeeNews) - Bulgarian diversified group Industrial Holding Doverie has acquired 79,966 shares in local Hydroizomat [BUL:4HI] via a buyout bid, the insulation materials producer said on Thursday.

Industrial Holding Doverie's buyout bid, priced at 1.43 levs ($0.84/0.73 euro) per share, targeted 279,870 Hydroizomat shares.

A total of 20 shareholders accepted the buyout offer, Hydroizomat said in a bourse filing.

The 79,966 shares are equal to 2.67% of Hydroizomat's capital, according to bourse data.

Before the buyout offer, Industrial Holding Doverie held a 90.64% stake in Hydroizomat.

Industrial Holding Doverie is a unit of diversified group Doverie United Holding [BUL:5DOV].

(1 euro = 1.95583 levs)




 

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