June 7 (SeeNews) - Bulgarian diversified group Synergon Holding [BUL:6S7] said on Friday that it has acquired a 32.08% stake in local lighting equipment retailer Svetlina [BUL:3LX] in a buyout bid priced at 5.5 levs ($3.2/2.8 euro) per share.
Three minority shareholders in Svetlina, holding 141,923 shares in the company, accepted Synergon Holding's buyout offer, the group said in a bourse filing.
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Synergon Holding's bid targeted 185,802 Svetlina shares, or a 42% stake.
Svetlina shares last traded on the Bulgarian Stock Exchange in April, at a price of 7 levs apiece.
Earlier this month, Synergon Holding completed the acquisition of liquefied petroleum gas (LPG) retailer V-Gas Bulgaria from local company Erast.
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)