Favorit Hold Launches Tender Offer for Auto Bohemia

Favorit Hold AD-Sofia 19 April registered in the Financial Supervision Commission (FSC) a tender offer to the rest of the shareholders of Auto Bohemia AD at 5.44 leva/share, BSE announced.

Favorit Hold intends to ask the company to be delisted from FSC’s public register.

Favorit Hold controls 1,867,770 shares representing 98.91% of AutoBohemia’s capital directly or through connected persons.

FSC has not made a decision on the offer as yet.

20,498 shares will be offered in the tender. The authorized investment broker in the deal is Favorit AD.

The offer will be valid for 28 days starting on the day after the date of publishing of the tender announcement in two central daily newspapers.

The last transaction involving shares of AutoBohemia AD was made on 14 March at 3.50 leva/share. Currently there are no offers registered on this position.

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