September 9 (SeeNews) - Bulgarian port services provider Port Flot-Burgas [BUL:P2B] said on Monday that local diversified group ARZ Holding-2002, its majority shareholder, has reduced its stake to 69.38% of the company's share capital.
ARZ Holding has decreased is stake in several deals on the Bulgarian Stock Exchange concluded on September 5 for an undisclosed price, Port Flot-Burgas said in a bourse filing.
ARZ Holding has cut its stake to 71.18% in deals on the Sofia bourse concluded on September 4, Port Flot-Burgas said in a statement last week. At the same time, local Pension Insurance Company Toplina, through three of the funds it manages, has increased its stake in Port Flot-Burgas to 14.3% from 8.25%.
Port Flot-Burgas shares started trading on the BSE last month. At the time of its listing, the company was 99.99% owned by ARZ Holding-2002, according to data published in the commercial register. Local private investor Dimitar Hristov controlled the remainder.ARZ Holding-2002 is fully owned by Great Britain-registered Monterina Ltd.
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