August 16 (SeeNews) - TBI Bulgaria said on Wednesday it has extended the deadline for accepting its published buyout offer for the 19,559 shares in Sofia-based Bulstrad Vienna Insurance Group [BUL:4BI] it does not already own to 46 days, from 28 days.
The new deadline for Bulstrad VIG shareholders to accept the offer is September 15, TBI Bulgaria said in a statement.
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Last month, Bulgaria’s financial regulator said it granted approval to TBI Bulgaria to publish a buyout bid for the remaining 0.62% of the share capital of Bulstrad VIG the company does not already own at a price of 44.78 levs ($26.8/22.9 euro) per share.
TBI Bulgaria is a wholly-owned subsidiary of Vienna Insurance Group (VIG).
(1 euro = 1.95583 levs)