April 19 (SeeNews) - Bulgarian lighting equipment retailer Svetlina [BUL:3LX] said on Friday that its majority owner - diversified group Synergon Holding [BUL:6S7], has submitted a corrected buyout offer for the remaining 42% stake in the company it does not own, priced at 5.5 levs ($3.2/2.8 euro) per share.
Synergon Holding is seeking to acquire 185,802 shares in the company it does not currently own, Svetlina said in a bouse filing.
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Earlier this month, Bulgaria's Financial Supervision Commission said that it has temporarily suspended the publication of a buyout bid by Synergon Holding for Svetlina.
Svetlina shares last traded on the Bulgarian Stock Exchange at a price of 7.0 levs per share.
Synergon Holding was set up in 1996 as a privatisation fund under Bulgaria's voucher privatisation programme. The fund was transformed into a holding structure the following year. It has more than 25 subsidiaries and affiliated companies operating in various sectors of the Bulgarian economy.
(1 euro = 1.95583 levs)