December 4 (SeeNews) - Bulgaria's Capman Green Energy Fund [BUL:C4P] said that local clothing manufacturer Zagora Fininvest [BUL:ZAFA] has decreased its stake in the company to 4.95% from 9.45%.
The transaction was settled on November 29, Capman Green Energy Fund said in a statement on Monday.
You can subscribe to our M&A newsletter here
According to Sofia bourse data, the 4.5% stake sold by Zagora Fininvest is equal to 600,114 shares in Capman Green Energy Fund.
Capman Green Energy Fund shares last traded on the Bulgarian Stock Exchange at a price of 1.2 levs, which would value the deal at some 720,000 levs ($420,000/368,000 euro).
(1 euro = 1.95583 levs)