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Italtech Service Bulgaria acquires stake in Bulland Investments

Italtech Service Bulgaria acquires stake in Bulland Investments Ministry of Economy/All rights reserved.

SOFIA (Bulgaria), July 14 (SeeNews) – Bulgarian real estate investment trust (REIT) Bulland Investments [BUL:5BD] said on Friday Sofia-based Italtech Service Bulgaria has acquired a 8.99% stake in the company.

Italtech Service Bulgaria had acquired 1.35 million shares in Bulland Investments on July 10, the REIT said in a bourse filing.

Earlier this month, Bulland Investments said insurance company Euroins Romania had decreased its stake in the company to 13.81% from 15.13% on June 27.

Bulland Investments specialises in the acquisition and leasing of agricultural land. The company shares were last traded on July 4, when they closed 9.89% higher at 0.989 levs.

(1 euro=1.95583 levs)

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