December 11 (SeeNews) - Bulgaria's Financial Supervision Commission said that it has allowed the publication of a sqeezeout offer by Malta-based Harisson Management Limited for the remaining 131,729 shares it does not own in Bulgaria's Aroma Real Estate.
The regulator did not provide further details in its statement, published on Tuesday.
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In September, Harisson Management increased its stake in the company to 95.84% via a buyout bid priced at 1.03 levs ($0.58/0.53 euro) per share. Four minority shareholders who held 160,668 shares accepted the buyout offer.
Aroma Real Estate shares last traded on the Bulgarian Stock Exchange at a price of 0.56 levs apiece.
(1 euro = 1.95583 levs)