January 7 (SeeNews) - Bulgarian real estate investment company Regala Invest [BUL:RGL] said on Monday that local Development Assets has acquired a 5.01% stake in the company for an undisclosed price.
Development Assets did not own a stake in the company before the transaction and currently holds 923,902 of its shares, Regala Invest said in a bourse filing.
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Regala Invest's last trading price on the Bulgarian Stock Exchange, of 2.8 levs per share, values the transaction at some 2.6 million levs ($1.5 million/1.3 million euro).
(1 euro = 1.95583 levs)