September 30 (SeeNews) - Bulgaria's Aroma Real Estate [BUL:AA8] said on Monday that Malta-based Harisson Management Limited has increased its stake in the company to 95.84% via a buyout bid priced at 1.03 levs ($0.58/0.53 euro) per share.
Four minority shareholders who held 160,668 shares accepted the buyout offer, Aroma Real Estate said in a statement.
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As Harisson Management Limited's stake in the company exceeds 95% through the bid, remaining minority shareholders have the right within the next three months to ask the Malta-based company to acquire their shares at a price equal to the one of the buyout offer.
The buyout bid was serviced by local brokerage Elana Trading.
Aroma Real Estate last traded on the Bulgarian Stock Exchange earlier this month, at a price of 0.44 levs apiece.
(1 euro = 1.95583 levs)