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UAE-registered Gifted Master grows stake in Bulgaria's Bulgartabac

Author Mario Tanev
UAE-registered Gifted Master grows stake in Bulgaria's Bulgartabac Author: Bulgartabac Holding. License: All rights reserved.

SOFIA (Bulgaria), May 22 (SeeNews) - Bulgarian diversified group Bulgartabac Holding [BUL:57B] said that UAE-registered company Gifted Master has increased its stake in the group to 24.0% from 18.1%.

Another UAE-registered company, TI Holding FZE, sold its entire stake in Bulgartabac Holding, the Bulgarian company said in a bourse filing on Tuesday.

Liechtenstein-based Woodford Establishment owns a 24.0% stake in Bulgartabac Holding, while UAE-registered Wardia controls 15.23%, the Sofia-based group said.

At the end of March, Woodford Establishment was Bulgartabac Holding's largest shareholder with a stake of 33.0%, according to data from Bulgartabac Holding's interim financial statement. Gifted Master and Lichtenstein-registered Stiga Ansalt followed with stakes of 18.1% and 14.75%, respectively.

Woodford Establishment and Stiga Ansalt acquired stakes of 33.0% and 14.75% in Bulgartabac Holding in July 2018. Gifted Master purchased an 18.1% stake in the Bulgarian company in May 2018.