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Sep 05, 2023 14:54 EEST
September 5 (SeeNews) - Bulgarian pharmaceuticals producer Sopharma [BUL:SFA] increased its stake in real estate investment trust Sopharma Buildings REIT [BUL:SFB], to 15.05% from 12.67%, Sopharma Buildings said on Tuesday.
Following the deal, Sopharma holds 586,902 shares in its unit, Sopharma Buildings said in a bourse filing, without disclosing the financial details of the transaction.
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In August, Sopharma Buildings said it decided to invest 30 million euro ($32.4 million) in the development of residential buildings spanning some 45,000 sq m in Sofia.
As of 1345 CET on Tuesday, shares in Sopharma Buildings traded 7.57% higher at 39.80 levs ($21.98/20.35 euro) on the BaSE market of the Bulgarian Stock Exchange.
(1 euro = 1.95583 levs)
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