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Aug 29, 2023 14:16 EEST
August 29 (SeeNews) - Bulgarian farming group Agria Group Holding [BUL:AGH] said that newly registered local business Equity Investment acquired 27.29% of its registered capital as a result of a shareholder reorganisation.
Equity Investment purchased some 1.86 million ordinary voting shares in Agria Group worth 1 lev ($0.55/0.51 euro) in par value each in a transaction that took place on Friday, the holding company said in a bourse filing on Monday.
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The shares were acquired by Equity Investment after it became a newly established corporate entity following the transformation of hitherto Agria Group shareholder Komers.
Agria Group Holding has 6.8 million shares issued, bourse data show. Komers was the second-largest shareholder of the Varna-based joint stock company as of end-June, while Emra is the top investor with a stake of 41.11%, according to a recent financial statement.
Agria Group Holding consolidates several subsidiaries active in agribusiness, the storing and processing of oil crops and exports, and renewable energy.
In June, shareholders in Agria Group Holding approved the distribution of a gross dividend of 1 lev per share for 2022 and a share buyback programme targeting up to 3% of the company's equity capital.
As at 1308 CEST, shares in Agria Group Holding traded flat at 22.80 levs on the Sofia bourse.
(1 euro = 1.95583 levs)
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