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Bulgaria's Sila Holding ups stake in Slantse Stara Zagora Tabac

Author Mario Tanev
Bulgaria's Sila Holding ups stake in Slantse Stara Zagora Tabac Photo: Slantse Stara Zagora Tabac / All rights reserved.

SOFIA (Bulgaria), December 18 (SeeNews) - Bulgarian tobacco products maker Slantse Stara Zagora Tabac [BUL:3JO] said on Wednesday that its majority owner - diversified group Sila Holding [BUL:6S5], has purchased 4,360 shares in the company at a price of 12.1 levs ($6.88/6.19 euro) apiece.

Sila Holding sold the shares outside the Bulgarian Stock Exchange regulated market on December 17, Slantse Stara Zagora Tabac said in a statement.

The shares are equal to 0.15% interest in Slantse Stara Zagora Tabac.

Earlier this month, Sila Holding sold 79,300 shares in Slantse Stara Zagora Tabac at a price of 7.865 levs apiece.

Earlier this year, Slantse Stara Zagora Tabac increased its capital to 2,827,859 levs from 1,177,860 levs through the issuance of 1,649,999 shares. 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.

In May, Slantse Stara Zagora Tabac received shareholders approval to acquire a land plot of between six and eight hectares for up to 12 million levs, where it intends to build a new plant for tobacco products.

(1 euro = 1.95583 levs)