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Bulgaria's Svetlina delists from Sofia bourse

Author Mario Tanev
Bulgaria's Svetlina delists from Sofia bourse Photo: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), December 4 (SeeNews) - The Bulgarian Stock Exchange said on Wednesday that the listing of the issue of shares of local lighting equipment retailer Svetlina [BUL:3LX] has been terminated.

Svetlina was removed from the public company register by the Financial Supervision Commission on Tuesday, the Sofia bourse operator said in a statement.

Svetlina's capital comprises 442,360 shares with a nominal value of 1 lev ($0.57/0.51 euro) each. The shares last traded at a price of 2 levs.

In September, Bulgarian diversified group Synergon Holding [BUL:6S7] acquired a 0.75% stake in Svetlina in a buyout bid priced at 20 levs ($11.1/20.2 euro) per share, increasing its stake in the company to 90.83%.

Synergon Holding was set up in 1996 as a privatisation fund under Bulgaria's voucher privatisation programme. The fund was transformed into a holding structure the following year. It has more than 25 subsidiaries and affiliated companies operating in various sectors of the Bulgarian economy.

(1 euro = 1.95583 levs)