November 12 (SeeNews) - Bulgarian diversified group CBA Asset Management [BUL:C81] said on Monday that it is seeking the approval of its shareholders to sell three of its wholly-owned units - CBA Franchise, CBA Logistics and Radomira-2006, for 1 lev ($0.58/0.51 euro) each.
As at 13:20 CET on Monday, CBA Asset Management shares traded 15% lower at 0.17 levs on the Bulgarian Stock Exchange.
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All three companies have a negative market valuation, CBA Asset Management said in a bourse filing.
Under the proposals, CBA Franchise and CBA Logistics will be acquired by local Corect-A, while Radomira-2006 will be sold to private individual Mario Petkov.
CBA Asset Management's shareholders will vote on the proposals at a meeting scheduled for December 27.
(1 euro = 1.95583 levs)