You have 3 free articles left this month. Get your free Basic subscription now and gain instant access to more.

Industrial Holding Bulgaria majority shareholder raises stake

Author Vasil Kolchev
Industrial Holding Bulgaria majority shareholder raises stake Ken Teegardin/CC BY-SA 2.0

SOFIA (Bulgaria), January 5 (SeeNews) - Diversified group Industrial Holding Bulgaria [BUL:IHB] said on Wednesday that its largest shareholder, engineering company Bulls, increased its direct shareholding interest in the group to 60.683% from 58.885% before.

Bulls raised its stake in Industrial Holding Bulgaria on December 29, the holding company said in a notice on its website.

You can subscribe to our M&A newsletter here

Indirect shareholding interest included, Bulls' stake in Industrial Holding Bulgaria went up to 69.657% from 68.040% prior to the share purchase.

Industrial Holding Bulgaria's registered capital amounts to 107,400,643 million levs ($62 million/54.9 million euro), divided into the same number of shares, data from the country's public commercial register showed.

As at 15:55 CET on Wednesday, shares in Industrial Holding Bulgaria changed hands 4.42% lower at 2.16 levs ($1.25/1.10 euro) on the Sofia bourse.

(1 euro = 1.95583 levs)

Share this story
SeeNews in Brief

View our Newsletters

 
Compare