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Sofia bourse operator seeks shareholders nod to acquire stake in local investment co Capman

Sofia bourse operator seeks shareholders nod to acquire stake in local investment co Capman Photo: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), October 22 (SeeNews) - The Bulgarian Stock Exchange [BUL:BSE], the operator of the bourse in Sofia, said that it proposed to its shareholders to approve the acquisition of up to 45% but no less than 40% interest in the capital of local investment firm Capman for up to 5.7 million levs ($3.4 million/2.9 million euro).

The bourse operator, BSE, plans to buy up to 1,125,000 Capman shares at a price of up to 5.0576 levs apiece, the bourse operator said in a statement on Thursday.

BSE's shareholders will vote on the proposal at an extraordinary shareholders meeting scheduled for November 30.

According to commercial register data, private individual Nikolay Yalumov holds 91% of Sofia-based Capman.

As at 10:30 CET on Friday, shares in BSE traded 5.26% lower at a price of 9.00 levs.

(1 euro = 1.95583 levs)

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