Press Digest
Press digest - year 2007
 
Two new companies - Black Sea resort White Lagoon and special purpose vehicle Alfa Credit, will start trading on the Bulgarian stock exchange on Tue, Mar 13 after the bourse registered their shares on the unofficial segment of the market. The White Lagoon secondary stock offering consists of 4.3 mln shares with a nominal value of BGN 1 each. The Alfa Credit stock offering is worth BGN 650,000. The SPV will securitise credits and credit portfolios of banks and non-banking institutions.
Source: Dnevnik (12.03.2007)
 
The Stock exchange presented four new companies. White lagoon and Alfa credits shares are registered for trade from today. Health and wellness securities were registered in the end of February, while Bross holdings shares are already being traded.
Source: Darik Radio (13.03.2007)
 
At least nine companies will offer their stocks on the Stock Exchange. Eurohold Bulgaria, White Lagoon, Fia Bulgaria, Alpha Credit, Capital Management have appeared on the Bulgarian Stock Exchange. FIBank is expected to hit BSE in the summer. On April 5 the bank applied for approval from the Financial Supervision Commission.
Source: 24 chasa (10.04.2007)
 
Alfa Credit REIT JSC - Sofia, Bourse code ALCR, the annual general meeting of which was held on June 4, 2007, will not distribute dividends for the year 2006. Alfa Credit REIT JSC - Sofia reported a loss for 2006 in the amount of BGN 39,000.
Source: Capital market (08.06.2007)
 
The Board of Directors of Alfa Credit REIT has taken a decision for acquisition of receivables from CB Eurobank EFG Bulgaria JSC and Bulgarian Retail Services JSC, BSE-Sofia announced. In connection to this decision an assignment contract (whereto the company is a party) has been signed since a due diligence made by appraisers.
Source: Banker (23.11.2007)
 
Sofia City Court registered the following changes in the Management Board of Alfa Credit REIT Sofia: extinguishes Svetlozar Georgiev Karanashev as a member of the Board of Directors and a representative of the company. Enters on his place and as an Executive Director Mihail Strahilov Dimitrov, who will represent the company.
Source: Banker (19.12.2007)
 
Financia Group and Broker Ins settled on a partnership agreement: Financia Group, as part of Alpha Finance Holding, acquires 51% of the capital of Broker Ins. The former partners, Mr Roumen Staikov, Mr Stefan Enchev and Ms Konstantina Dragieva, retain their share of 49% and remain the managers of the company. The business model is to keep the independence of Broker Ins Ltd. and the strategy goal is to turn Broker Ins into a leading insurance sales agency. The acquisition deal is to be concluded after the approval of the supervisory bodies during the first three-month period of 2008. Financia Group is a subsidiary of Alpha Finance Holding which includes the leading stock exchange broker - Bulbrokers, the forex market broker - STS Finance, and the corporate consultancy firm - Bulbrokers Consulting, the managing company - Aplpha Asset Management and the loans security company - Alpha Credit.
Source: Zastrahovatel (20.12.2007)