Bulgaria’s Plastchim-T exits local Formoplast, Synthetica, Bonds Advisors raise stakes

Formoplast has sold its 51% stake, equivalent to some 1.94 million shares, Formoplast said in a statement filed with the Sofia bourse.

Synthetica bought 182,128 Formoplast shares and currently holds a total of 1.67 million shares in the company, equivalent to a 43.95% stake, it added.

Bonds Advisors boosted its stake in Formoplast to 11.89%, or 451,836 shares, by acquired 1,836 shares.

Formoplast last traded on the Bulgarian Stock Exchange on November 15, ending 8.08% lower at 3.4 levs ($2.26/1.74 euro) in a volume of 1,000 shares.

(1 euro=1.95583 Bulgarian levs)