FairPlay Properties Majority Shareholder Cuts Stake in Company to 68.44%

FairPlay International AD-Sofia has transferred 1.479 mln shares representing 2.92% of the capital of FairPlay Properties REIT-Sofia, BSE announced.

After the transaction the stake of FairPlay International AD in the REIT is 68.44%.

FairPlay Properties REIT-Sofia posted a profit of 2.125 mln leva on revenues of 4.345 mln leva in the first quarter of 2007.

Total assets of the trust reached 81.822 mln leva. Its core capital amounts to 50.7 mln leva.

67,774 lots on the position changed hands today at 1.20 – 1.25 leva/share.