June 6 (SeeNews) - Bulgaria's Park REIT [BUL:4PK] said on Thursday that local Sigma Property has cut its stake in the company to 32.86% from 56.94%.
At the same time, local Leasing Finance has acquired a 23.66% stake in Park REIT, or 2.3 million shares, Park REIT said in a bourse filing.
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In April, Sigma Property cut its stake in Park REIT to 56.94% from 62.11%.
In March, Bulgaria's Financial Supervision Commission banned Sigma Property's planned buyout offer for a 37.89% stake in Park REIT at a price of 0.615 levs ($0.356/0.314 euro) per share.
Sigma Property acquired a 60.12% stake in Park REIT in December 2018, growing its stake to 62.11% at the time.
(1 euro = 1.95583 levs)