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Bulgaria's Tremo Management gets nod to buy 51% of Trend Asset Management

Author Mario Tanev
Bulgaria's Tremo Management gets nod to buy 51% of Trend Asset Management Financial Supervision Commission/All rights reserved.

SOFIA (Bulgaria), August 20 (SeeNews) - Bulgaria's Financial Supervision Commission said on Tuesday that it has approved local Tremo Management's plans to acquire a 51% stake in Trend Asset Management.

The regulator did not provide further details in its statement.

Trend Asset Management was established in 2007 by now bankrupt Corporate Commercial Bank (Corpbank). The company manages three
mutual funds.

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