Bulgaria s FSC suspends Velgraf Asset Management buyout bid for ERG Capital-3 Financial Supervision Commission/All rights reserved.
SOFIA (Bulgaria), December 16 (SeeNews) - Bulgaria s Financial Supervision Commission said that it has suspended the publication of a buyout bid by local investment company Velgraf Asset Management [BUL:1VX] for the remaining 432,640 shares in ERG Capital-3 REIT [BUL:5ER] it does not own.
The regulator did not provide further details in its statement, published on Tuesday.
Last month, ERG Capital-3 REIT said that Velgraf Asset Management is offering to pay 4.3 levs ($2.6/2.2 euro) per each of the 432,640 shares it wants to acquire.
ERG Capital-3 REIT shares last traded on the Bulgarian Stock Exchange at a price of 4.3 levs.