Bulgaria's TK Hold gets nod to publish buyout bid for Rilski Len

TK Hold is offering to pay 11.0 levs ($6.6/5.6 euro) for each of the 36,534 shares it wants to acquire from minority shareholders, the Financial Supervision Commission said in a statement on Monday.

In August, TK Hold increased its shareholding interest in Rilski Len to 91.73% after acquiring 309,190 shares, equal to a 70% ownership interest in the company, from Samokov-based Rilenatex.

Rislki Len, based in Samokov, manufactures linen and linen products. The company has a registered capital of 441,707 levs divided in 441,707 shares with a nominal value of 1 lev each.

(1 euro = 1.95583 levs)