December 12 (SeeNews) - Bulgarian Real Estate Fund REIT (BREF) [BUL:5BU] said on Thursday that Universal Pension Fund (UPF) Doverie has increased its stake in the company to 5.06% from 4.54%.
As a result, Pension Insurance Company Doverie, which manages UPF Doverie, now indirectly controls a 6.86% stake in BREF, the real estate investment trust said in a bourse filing.
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BREF shares closed 0.5% lower at 1.99 levs ($1.13/1.02 euro) on the Bulgarian Stock Exchange on Wednesday. The price would value a 0.52% stake in the company at some 358,000 levs.
(1 euro = 1.95583 levs)