Majority shareholder in Bulgaria's Port Fleet 99 cuts stake

After two deals concluded on November 25 and November 27, Bulgarian Marine Company-PF now controls 1,070,300 shares in Port Fleet 99, the ship towage company said on a bourse filing on Tuesday.

According to Port Fleet 99's most recent financial statement published on the website of the commercial register, Bulgarian Marine Company-PF held a 97.01% stake in the company at the end of 2019.

Bulgarian Stock Exchange (BSE) data showed on November 25 that a total of 335,615 shares in Port Fleet 99 changed hands for a total of 2.35 million levs ($1.4 million/1.2 million euro), boosting the trading turnover of the Sofia bourse.

Shares of Port Fleet 99 started trading on the BSE on November 23.

As at 15:15 CET on Wednesday, Port Fleet 99's shares traded unchanged at 7.05 levs.

Port Fleet 99 is active in harbour towage and manoeuvring of ships, sea towage and cargo handling services.

(1 euro = 1.95583 levs)