January 4 (SeeNews) - Bulgarian real estate investment company Futures Capital said on Friday that insurer Euroins Romania Asigurare Reasigurare has acquired a 19.98% stake in the company from FL Capital for 2.1 million levs ($1.2 million/1.1 million euro).
Following the announcement, Futures Capital's share price on the Bulgarian Stock Exchange grew 4.17% to 25.0 levs, bourse data shows.
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Euroins Romania acquired 84,000 Futures Capital in a single deal priced at 24.8 levs apiece on December 31, Futures Capital said in a statement.
After the sale, FL Capital's stake in Futures Capital decreased to 80.02% from 99.9998%.
(1 euro = 1.95583 levs)