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Bulgaria's BPD Industrial Real Estate Fund REIT shareholders reject land purchase deal

Author Mario Tanev
Bulgaria's BPD Industrial Real Estate Fund REIT shareholders reject land purchase deal Author: Ken Teegardin. License: Creative Commons, Attribution 2.0 Generic.

SOFIA (Bulgaria), September 12 (SeeNews) - Bulgaria's BPD Industrial Real Estate Fund REIT [BUL:28R] said that its shareholders have rejected the company's planned deal for the acquisition of a land plot in Varna Logistics Park for 1.45 million levs ($818,000/741,000 euro) from local company Varna Logistics.

Over 99.4% of the company's shareholders present at the meeting voted against the proposed transaction, BPD Industrial Real Estate Fund REIT said in a statement earlier this week.

Both BPD Industrial Real Estate Fund REIT and Varna Logistics are controlled by Luxembourg-registered Hifa Holding. 

(1 euro = 1.95583 levs)

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