Bulgarian real estate co BGI Group raises stake in peer Bulland Investments to 5.04% Bulgarian real estate company BGI Group has increased its stake in peer Bulland Investments to 5.04%, the latter said on Tuesday. BGI Group almost doubled its shares in Bulland Investments to 655,981 shares from 334,000 shares prior to the transaction, Bulland Investments said in a filing with the Sofia bourse. The value of the deal was not disclosed.
Source: investor.bg (05.02.2014)

Bulgaria's Sopharma Properties gives up cap hike plans Bulgarian real estate investment trust Sopharma Properties said it decided to abandon plans to raise its capital to BGN 16.9 million after failing to obtain the approval of the financial regulator. The Financial Supervision Commission last week declined to approve the company's revised prospectus for an initial public offering of 1,228,070 voting shares with a par value of BGN 1 and an issue price of BGN 2.85 each, Sopharma Properties said in a bourse filing. Following the regulator's decision, Sopharma Properties' board of directors decided on Monday to terminate the capital increase procedure, the company added. Currently, Sopharma Properties' capital is divided into 15,710,686 voting shares with a par value of BGN 1 each. The company is majority owned by local blue-chip drug maker Sopharma.
Source: investor.bg (23.07.2014)