November 21 (SeeNews) - Bulgaria’s real estate company Venus AD [BUL:VN7] said that it is seeking shareholder approval to exchange shares of its subsidiary, real estate investor All Trade AD, for shares in peer An Bal EOOD.
Venus's shareholders will vote on the proposal at an extraordinary meeting scheduled for December 21, the company said in a bourse filing on Tuesday.
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Venus holds 65.82% of All Trade's stock, according to its report for the third quarter of 2018.
The major shareholders of Venus AD are Greek nationals Yoanis Bonakis with 29.42%, Sotirios Vorgias with 30.25% and Panayotis Paputsakis with 28.39%, according to the company's first quarter report.