Austria-Registered BT Invest Exits Shareholding in Bulgaria's Bulgartabac Holding

Austria-Registered BT Invest Exits Shareholding in Bulgaria's Bulgartabac Holding

Austria-registered BT Invest GmbH has divested its entire stake in Bulgaria's Bulgartabac Holding [BUL:57B] on July 12, the Sofia-based tobacco group said on Monday.BT Invest GmbH has notified Bulgartabac Holding that its shareholding interest in the tobacco group amounted to zero as of July 12, Bulgartabac said in a filing to the Bulgarian Stock Exchange. According to data from Bulgaria's commercial register, BT Invest GmbH held 3,517,778 Bulgartabac Holding shares representing  shareholding interest of 47.75% on June 28, when the tobacco group's last general shareholders meeting was held. At the end of March, BT Invest owned 65.85% of Bulgartabac Holding, according to the tobacco group's interim financial statement. In two separate filings also published on Monday, Bulgartabac Holding said that two Lichtenstein-registered companies have each acquired a stake in the company on July 12.

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