Petrugia AD-Plakchovtzi intends to make tender offer to the remaining shareholders of Sever Holding AD-Veliko Turnovo at 1.5 leva/share, BSE-Sofia announced.

The shares, owned by Petrugia (directly and through connected person) amount to 518,805 or 66.46% of the company’s capital.

The number of shares, subject of the tender offer, is 261,855. The Financial Supervision Commission has not issued its judgment on the offer yet.

Sever Holding AD posted a 88,000 leva consolidated profit last year versus 68,000 leva in 2005.

Net sales revenues grew 41.8% to 895,000 leva compared to 631,000 leva in 2005. Sever Holding’s core capital stands at 781,000 leva and its own capital amounted to 2.008 leva in the end of 2006.

The last transaction with shares of the company was made on 30 May at 1.40 leva/share.