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Bulgaria's Zenit Agroholding cuts stake in Holding Nov Vek

Bulgaria's Zenit Agroholding cuts stake in Holding Nov Vek Author: Ken Teegardin. Licence: Creative Commons.

SOFIA (Bulgaria), August 22 (SeeNews) – Bulgaria’s Zlaten Lev Holding [BUL:3Z3] said on Tuesday that local diversified group Zenit Agroholding [BUL:5Z2] has sold 88,500 of the shares it held in the company for 0.64 levs ($0.38/0.33 euro) apiece.

Following the transaction, Zenit Agroholding’s stake in the company fell below 5%, Zlaten Lev Holding said in a bourse filing.

Last week, Zenit Agroholding said it has decided to sell all 408,196 shares in Zlaten Lev Holding [BUL:3Z3] it owns, equivalent to a 6.3% stake in the company.

(1 euro = 1.95583 levs)

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