SOFIA (Bulgaria), September 11 (SeeNews) – Bulgarian industrial group Stara Planina Hold [BUL:5SR] has acquired 7,940 shares, equivalent to a 0.64% stake in sock manufacturer Fazan [BUL:4F5] in a buyout bid, Fazan said.
A total of 12 shareholders have accepted Stara Planina Hold’s proposal priced at 1.41 levs ($0.86/0.72 euro) per share, Fazan said in a statement last week.
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Stara Planina Hold held a 91.75% stake in Fazan as at August 8, when the buyout bid was published.
As at 1450 CET on Monday, Stara Planina Hold shares traded 5.87% lower at 8.001 levs.
(1 euro = 1.95583 levs)