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Bulgaria's Svetlina gets shareholders nod to delist from Sofia bourse

Author Mario Tanev
Bulgaria's Svetlina gets shareholders nod to delist from Sofia bourse Photo: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), November 14 (SeeNews) - Bulgarian lighting equipment retailer Svetlina [BUL:3LX] said on Thursday that its shareholders have approved the company's plans to delist from the Bulgarian Stock Exchange.

The proposal was supported by all shareholders present at the meeting held on Thursday, the company said in a bourse filing.

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%.

Svetlina shares last traded on the Bulgarian Stock Exchange on October 29, when they closed at 2.0 levs.

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)

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