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Euroins Romania cuts stake in Bulgaria's Synthetica to 5.6%

Author Mario Tanev
Euroins Romania cuts stake in Bulgaria's Synthetica to 5.6% Author: Ken Teegardin. License: Creative Commons, Attribution 2.0 Generic.

SOFIA (Bulgaria), October 2 (SeeNews) - Bulgarian diversified group Synthetica [BUL:0SYA] said on Wednesday that insurer Euroins Romania Asigurare Reasigurare has decreased its stake in the company to 5.60% on September 27.

Following the transaction, Euroins Romania owns 167,883 shares in the company, Synthetica said in a bourse filing.

On August 9, Euroins Romania held a 10.06% stake in Synthetica.

Euroins Romania is part of Bulgarian financial and insurance group Eurohold Bulgaria [BUL:4EH].

Synthetica shares last traded on the Bulgarian Stock Exchange on September 27, when they closed unchanged at 42.6 levs ($23.8/21.8 euro).

(1 euro = 1.95583 levs)

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