May 8 (SeeNews) - Bulgarian tobacco products maker Slantse Stara Zagora Tabac [BUL:3JO] said that its majority owner - diversified group Sila Holding [BUL:6S5], has sold 85,000 shares in the company for some 1.07 million levs ($354,000/319,000 euro).
Sila Holding sold the shares at a price of 12.6 levs apiece on the Bulgarian Stock Exchange regulated market, Slantse Stara Zagora Tabac said in a statement earlier this week.
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The shares are equal to 3% interest in Slantse Stara Zagora Tabac.
Sila Holding owned an 84.22% stake in Slantse Stara Zagora Tabac at the end of 2019.
Last year, Slantse Stara Zagora Tabac increased its capital to 2,827,859 levs from 1,177,860 levs via a new share issue. The company raised some 17.82 million levs through the capital hike, as it placed the shares at a price of 10.8 levs each.
(1 euro = 1.95583 levs)