United Milk Company Sold, Doverie Holds 37.42%

Doverie Capital AD and Global Finance signed an agreement on 11 April with Vivartia of Greece for the sale of 99.99% of United Milk Company AD-Plovdiv, Doverie United Holding AD announced.
Doverie United Holding AD holds 37.42% of United Milk Company AD through connected persons.
Direct shareholders in the company are International Real Estate Investor Holding with 1,040,000 shares or 35.76% of its capital and Doverie United Holding with 48,304 shares or 1.66%.
The deal needs to be cleared by the Bulgarian Commission for the Protection of Competition.
In 2006 United Milk Company registered a turnover of 34.2 mln leva (VAT not included) mostly due to its Verea and Fibela brands.
Vivartia intends to continue to develop the Bulgarian market of dairy products, to launch new products and to make additional investments in United Milk Company AD.
According to the latest information Sopharma AD’s CEO Ognyan Donev has acquired another 388,531 shares of Doverie United Holding thus increasing his stake (both direct and indirect) in the company to 15.39%.
1091 shares of Doverie United Holding at 7.60 leva per share have been traded since the start of today’s session.

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