April 9 (SeeNews) - Bulgaria's Balkan and Sea Properties REIT [BUL:5H4] said that local company Stiks 2000 has increased its stake in the real estate investment trust to 11.57% from 8.72%.
Following the transaction, Stiks 2000 holds 801,150 shares in the REIT, Balkan and Sea Properties REIT said in a statement on Monday.
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Balkan and Sea Properties REIT shares last traded on the Bulgarian Stock Exchange at a price of 16 levs apiece, which would value the 2.85% stake acquired by Stiks 2000 at some 3.2 million levs ($1.8 million/1.6 million euro).
Stiks 2000 is fully owned by local private investor Svilen Kadrekov, according to commercial register data.
(1 euro = 1.95583 levs)