SAF Magellan Applies To Be Shifted to Higher Segment on BSE
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SAF Magellan (
) has applied for its share issue to be transferred from segment B of the Unofficial Market of the Bulgarian Stock Exchange (BSE) to segment A of the same market.
The move is most likely prompted by the launch of the new Xetra trading platform on BSE, which envisages the issues from the lowest segment of the market to be traded only through auctions.
Middle Europe Opportunity Fund III acquired on April 29, 2008 a total of 102,960 shares, accounting for 6% of the capital of SAF Magellan.
SAF Magellan specializes in the trade, packaging, storage and forwarding mostly of frozen and cooled food products (meat and meat products, fish and fish products, milk products, oil, olive oil, wine).
The stock of the company was last traded at a price of 22.95 leva per share.
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