You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Bulgaria's Industrial Holding Doverie boosts stake in Hydroizomat in buyout bid

Author Mario Tanev
Bulgaria's Industrial Holding Doverie boosts stake in Hydroizomat in buyout bid Author: Hydroizomat. License: All rights reserved.

SOFIA (Bulgaria), October 11 (SeeNews) - Bulgarian diversified group Industrial Holding Doverie has acquired 79,966 shares in local Hydroizomat [BUL:4HI] via a buyout bid, the insulation materials producer said on Thursday.

Industrial Holding Doverie's buyout bid, priced at 1.43 levs ($0.84/0.73 euro) per share, targeted 279,870 Hydroizomat shares.

A total of 20 shareholders accepted the buyout offer, Hydroizomat said in a bourse filing.

The 79,966 shares are equal to 2.67% of Hydroizomat's capital, according to bourse data.

Before the buyout offer, Industrial Holding Doverie held a 90.64% stake in Hydroizomat.

Industrial Holding Doverie is a unit of diversified group Doverie United Holding [BUL:5DOV].

(1 euro = 1.95583 levs)




 

Compare