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Bulgaria's Neo London Capital acquires 63.89% stake in Premier Fund REIT

Author Mario Tanev
Bulgaria's Neo London Capital acquires 63.89% stake in Premier Fund REIT wrangler/Shutterstock.com

SOFIA (Bulgaria), January 23 (SeeNews) - Bulgaria's Premier Fund REIT [BUL:4PR] said on Thursday that local investment firm Neo London Capital [BUL:178B] has acquired a 63.89% stake in the company for an undisclosed price.

Neo London Capital has acquired 1,149,999 shares in Premier Fund REIT, the real estate investment trust said in a statement.

Earlier this month, Premier Fund REIT raised some 12.1 million levs ($6.9 million/6.2 million euro) through a capital increase, placing 1,149,999 shares at a price of 10.5 levs apiece.

Premier Fund REIT shares last traded on the Bulgarian Stock Exchange at a price of 2.8 levs apiece. 

(1 euro = 1.95583 levs)

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