November 17 (SeeNews) - Bulgaria's Super Borovets Property Fund REIT [BUL:6SB] said it will seek the consent of its shareholders for the sale of two units, Rest and Fly, and Balchik Lodzistik Park.
For the purpose, Super Borovets Property Fund will hold a shareholders' meeting on December 19, it said in a bourse filing on Wednesday.
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Super Borovets will pursue a price of at least 10.5 million levs ($5.56 million/5.37 million euro) for Rest and Fly. The intended sale price of the second unit was not provided.
The company will also seek the shareholders’ nod to increase the capital of Balchik Lodzistik Park by raising the par value of its shares.
Finally, shareholders will vote on Super Borovets' plan to acquire Hotel Mursalitsa in Pamporovo ski resort. The price should not exceed 18.9 million levs.
As at 1316 CET on Thursday, shares in Super Borovets Property Fund traded flat at 100 levs on the Bulgarian Stock Exchange.
(1 euro = 1.95583 levs)