Real Estate Sofia shareholders okay RS City Sport purchase

Equity owners approved the purchase of all RS City Sport shares from its four shareholders - Adara, Besatur, Zagora Fininvest and Chernomorski Holding, Real Estate Sofia said in a bourse filing.

The proposal was given the green light at an extraordinary general meeting of shareholders held on December 5.

The deal will improve Real Estate Sofia's return on equity and grow its assets on an individual and consolidated basis, positively affecting the company's financial results, the buyer said earlier.

Shares in Real Estate Sofia last traded on November 29 when they closed at 7.90 levs on the BaSE market of the Bulgarian Stock Exchange, bourse data show.

(1 euro = 1.95583 levs)