July 10 (SeeNews) - Bulgarian car battery maker Monbat [BUL:5MB] said that it has exercised a put option, requesting that Prista Oil Holding buys back a 54% stake in local winery Leventa for 2.9 million levs ($1.7 million/1.5 million euro).
Monbat has also requested that Prista Oil Holding repays 1.96 million levs, representing part of a deposit which it received from Monbat in February, the car battery maker said in a bourse filing on Tuesday.
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Both Monbat and Prista Oil Holding are controlled by local investors Plamen Bobokov and Atanas Bobokov.
Prista Oil Holding engages in the production and distribution of motor and industrial oils, lubricants and special fluids.
(1 euro = 1.95583 levs)