Bulgaria's CBA Asset Management to Sell 3 Units, Share Price Drops 15%

Bulgaria's CBA Asset Management to Sell 3 Units, Share Price Drops 15%

Bulgarian diversified group CBA Asset Management  said on Monday that it is seeking the approval of its shareholders to sell three of its wholly-owned units - CBA Franchise, CBA Logistics and Radomira-2006, for 1 lev ($0.58/0.51 euro) each. As at 13:20 CET on Monday, CBA Asset Management shares traded 15% lower at 0.17 levs on the Bulgarian Stock Exchange. All three companies have a negative market valuation, CBA Asset Management said in a bourse filing. Under the proposals, CBA Franchise and CBA Logistics will be acquired by local Corect-A, while Radomira-2006 will be sold to private individual Mario Petkov.CBA Asset Management's shareholders will vote on the proposals at a meeting scheduled for December 27.

Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.