May 28 (SeeNews) - Shares in Bulgarian water bottling company Devin surged on Thursday after it said its majority owner, Austrian diversified group Soravia, is considering exiting the company.
“We’ve been notified that Soravia Group is considering selling its equity holdings in Devin,” online news portal Investor.bg reported, quoting Devin's general executive director, Tsvetan Lazhanski.
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Shares in Devin had soared 15.73% to 3.09 levs by 0944 GMT on the Sofia bourse on Thursday.
Soravia owns 75% of Devin through its fully-owned unit Devin Beteiligungs.
Devin, based in the town of the same name in southwestern Bulgaria, sells mineral, spring and carbonated bottled water, in addition to carbonated drinks, ice tea and the Red Bull energy drink.
(1 euro=1.95583 Bulgarian levs)