Luxembourg-based E. Miroglio Finance has purchased 370,000 shares in Bulgaria's Bulgartabac Holding [BUL:57B], equivalent to 5.02% of the tobacco group's share capital, Bulgartabac said on Monday. The transaction, whose value was not disclosed, was registered with the country’s central depository on October 31, Bulgartabac Holding said in a bourse filing. A total of 607,006 shares, equivalent to a stake of 8.24% in Bulgartabac Holding, were traded for 45.5 million levs ($29.7 million/23.3 million euro) on the Sofia bourse on October 29. Bulgartabac Holding said on Friday that the shares were sold by local company Bromak Invest that bought them four days earlier for about 37 million levs. Bulgartabac, acquired last year by VTB Capital, the investment arm of Russia’s VTB Group, is undergoing restructuring.
Source: Capital (06.11.2012)