March 27 (SeeNews) - Bulgarian Receivables Fund SPE [BUL:9BH] said that local mutual fund Ug Market Maximum has decreased its stake in the company to 4.99% from 7.31% on March 25.
Bulgarian Receivables Fund SPE did not provide further details in its statement, published on Thursday.
You can subscribe to our M&A newsletter here
Mutual fund Ug Market Maximum is managed by local company Ug Market Fund Management.
Bulgarian Receivables Fund SPE's main activity is debt purchase and securitization. The company's shares last traded on the Bulgarian Stock Exchange at a price of 1.02 levs ($0.57/0.52 euro) apiece.
(1 euro = 1.95583 levs)