March 23 (SeeNews) - Bulgarian investment firm HR Capital said that the deadline for receiving the remaining payment of 70 million levs ($38.9 million/35.8 million euro) for its 7% stake in local online services provider Lexo has been extended to December 31.
The extension was made possible by signing an annex to the existing contract under which HR Capital is selling 3,640 Lexo shares for a total of 120,000 levs, it said in a bourse filing on Wednesday.
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According to its latest financial statement, HR Capital agreed to sell the 7% stake in September 2022, receiving 50,000 levs upon signing the contract. Originally, the remainder was due to be paid within the following six months.
Lexo is the company behind the website Advokatami.bg, which is providing administrative, accounting and legal services. HR Capital, which originally held 1,640 shares in the firm, increased its equity stake to 7% after obtaining a further 2,000 shares in a capital increase in 2019.
(1 euro = 1.95583 levs)