Dupnitza-BT to Be Sold in a 101,101.11 Leva Deal

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A total of three offers were received within the deadline for submission of offers for Bulgartabac-Holding’s stake (457,952 shares or 85.35%) in the capital of Dupnitza-BG AD, BSE reported.

The highest bid price is 101,101.11 leva (0.22 leva/share) or 91,101.11 leva higher than the minimum price of 10,000 leva set for the offered stake. The names of the candidates are Furnir Story Invest, Kyustendil, Cooperation Agra, Dupnitza, and Vencho Bachev, Blagoevgrad. Their bids were opened in the presence of representatives of the bidders.

The only criterion in the publicly announced competition was the offered price.

The draft agreement is due to be reviewed by the corporate bodies of Bulgratabac-Holding AD after which the contract is to be signed and the stake is to be
transferred.

The holding tried to sell its stake in Dupnitza-BT through auction on BSE at a minimum price of 204,000 leva last December, but back then no candidates turned up.

The last transaction involving shares of Dupnitza-BT was made on 7 March at 2.7 leva/share.

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