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Oct 08, 2007 19:33 EEST
October 8 (SeeNews) - Bulgarian retail trader Stinex E&N and local advertising company IBT Vision bought a combined 50.49% stake in local electronic measuring devices manufacturer Electronica in three block deals on the Sofia stock exchange on Monday.
Stinex E&N acquired a total of 45.47% of Electronica for 5.3 million levs ($3.8 million/2.7 million euro), at 35.16 levs per share, the company said in a statement to the bourse. Stinex E&N bought a 26.89% stake from metal scrap recycling company Electronica Commerce 97, and an 18.58% stake from Bulgarian-registered Electronicakomplekt.
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IBT Vision bought Electronicakomplekt's remaining 5.02% stake in Electronica for 583,000 levs, at the same price per share as the one paid by Stinex E&N.
Individual investors hold the remaining 49.5% of Electronica's capital, according to business register Apis.
Last week, investment intermediary Elana Trading said it would offer 20,637 shares in Electronica representing 37% of its capital for 23.5 million levs on the Sofia bourse on October 8. The offer is on account of Elana Trading clients, the investment intermediary added.
Electronica produces oscilloscopes, generators, voltmeters, electric adapters and cash registers. It exports part of its production to Russia, Central and Southeast Europe, Uzbekistan and Kazakhstan.
Shares in the company lost 28.31% on Monday, closing at 100 levs per share.
(1 euro = 1.95583 Bulgarian levs)
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