December 29 (SeeNews) - Bulgarian investment company Rodina Capital [BUL:RDNA] said on Thursday that it received a revised offer from its shareholder DNS Invest to acquire the shares of the remaining owners.
The Financial Supervision Commission has not yet taken a stance on the submitted bid, Rodina Capital said in a bourse filing.
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Earlier in December, the regulator issued a temporary ban on DNS’s original offer to acquire a stake of 29.8% in Rodina Capital, requiring a price recalculation. According to the commission, DNS claimed it used the Free Cash Flow to the Firm (FCFF) method when justifying the proposed price per share but actually used a different method - Free Cash Flow to Equity (FCFE).
Rodina Capital also said on Thursday that its shareholders authorised the company to increase its capital to up to 50 million levs ($27.24 million/25.57 million euro) over a period of five years.
Rodina Capital’s main activity is renting out premises after its textile manufacture operations were terminated in 2001.
(1 euro = 1.95583 levs)