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Bulgaria's Elana Trading sells 4.5% stake in Elana Agricultural Land REIT

Author Mario Tanev
Bulgaria's Elana Trading sells 4.5% stake in Elana Agricultural Land REIT wrangler/Shutterstock.com

SOFIA (Bulgaria), May 19 (SeeNews) - Bulgaria's Elana Agricultural Land Fund REIT [BUL:6ST] said that local brokerage Elana Trading has sold 31,500 shares, of 4.5% interest, in the company on May 14.

Following the sale, Elana Trading controls under 5% interest in Elana Agricultural Land Fund REIT, the real estate investment trust said in a statement.

Last month, Elana Trading acquired 7% interest in the company from private individual Detelina Smilkova.

Also last month, Elana Agricultural Land Fund REIT raised 472,500 levs ($262,500/241,600 euro) in a capital increase. The company placed 50,000 shares at a price of 9.45 levs apiece.

Elana Agricultural Land Fund REIT shares last traded on the Bulgarian Stock Exchange at a price of 0.35 levs apiece.

(1 euro = 1.95583 levs)

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