February 13 (SeeNews) - Bulgaria's Odessos Shiprepair Yard [BUL:ODES] said that local professional pension fund (PPF) Saglasie has reduced its stake in the company to 4.45%.
PPF Saglasie now owns 26,109 shares in Odessos Shiprepair Yard following a transaction carried out on November 7, 2022, the Varna-based company said in a stock exchange filing on Friday.
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Odessos Shiprepair Yard's has a registered capital of 586,642 shares and a market capitalisation of 114.54 million levs ($62.6 million/58.6 million euro), according to data from the Bulgarian Stock Exchange. The stock has risen in value by over 79% in the past 12 months, closing flat at 195.00 levs on Friday.
Last month, Odessos Shiprepair Yard said that its net profit more than tripled to 17.4 million levs in 2022.
(1 euro = 1.95583 levs)