December 31 (SeeNews) - Bulgarian diversified group Synthetica [BUL:0SYA] said that Cyprus-based Kamalia Trading Limited has cut its majority shareholding interest in the group to 39.43% by selling 319,000 shares.
Kamalia Trading sold 299,000 shares in Synthetica on December 21 and a further 20,000 shares on December 22, Synthetica said in a bourse filing earlier this week.
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Following the transactions, the Cyprus-based company controls 1,183,006 shares in Synthetica, according to the bourse filing.
Bulgaria-based real estate investment company Greenhouse Properties [BUL:GH0A] and medical consumables producer Etropal [BUL:5EO] both acquired shares in Synthetica on December 22, the diversified group said. Greenhouse Properties bought 60,000 shares, while Etropal acquired 5,000.
At the end of September, Kamalia Trading was Synthetica's majority shareholder with a 50.07% stake, Synthetica's most recent financial statement showed.
Synthetica's share capital is distributed in 3,000,000 shares of 1 lev ($0.63/0.51 euro) in par value each.
Synthetica's shares last traded on the BSE on December 30, closing unchanged at 44.4 levs.
(1 euro = 1.95583 levs)