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Dec 29, 2017 17:29 EEST
December 29 (SeeNews) - Bulgarian tobacco group Bulgartabac Holding [BUL:57B] said on Friday UAE-based company TI Holding FZE has increased its stake in the group to 26.2%.
Following the transaction, TI Holding FZE owns 1.93 million Bulgartabac shares, the Bulgarian company said in a bourse filing.
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In May, British American Tobacco (BAT) purchased Bulgartabac's leading cigarette brands for more than 100 million euro ($106.2 million).
Bulgartabac Holding shares last traded on Thursday, when they closed 2.97% lower at 33.0 levs.
($ = 0.8337 euro)
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