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Bulgaria's Sopharma sells 14.96% stake in Momina Krepost to Medical Supplies

Author Mario Tanev
Bulgaria's Sopharma sells 14.96% stake in Momina Krepost to Medical Supplies Sopharma/ All rights reserved

SOFIA (Bulgaria), February 19 (SeeNews) - Bulgarian drug maker Sopharma [BUL:3JR] sold a 14.96% stake in medical consumables producer Momina Krepost [BUL:5MR] to local company Medical Supplies for an undisclosed price, Momina Krepost said on Tuesday.

As a result of the deal, Sopharma's stake in Momina Krepost fell to 78.60% from 93.56%, Momina Krepost said in a bourse filing.

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Momina Krepost shares last traded on the Bulgarian Stock Exchange at a price of 3.16 levs each, which would value the 14.96% stake at some 800,000 levs ($462,000/409,000 euro).

Momina Krepost specialises in the production of single-use medical consumables, such as syringes, needles, oxygen masks, hazardous waste containers, etc.

As at 14:00 CET on Tuesday, Sopharma shares traded 0.29% higher at 3.46 levs on the Bulgarian Stock Exchange.

(1 euro = 1.95583 levs)

 
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