Bulgaria's Donev Investments Holding grows stake in Doverie United Holding

Bulgaria's Donev Investments Holding grows stake in Doverie United Holding

Bulgarian diversified group Doverie United Holding said that local Donev Investments Holding has acquired 1,127 shares in the company at a price of 3.28 levs ($1.82/1.65 euro) per share. Donev Investments Holding acquired the shares in two deals on September 13, Doverie United Holding said in a statement on Monday. Donev Investments Holding has been actively acquiring small packages of Doverie United Holding shares since the start of September.The CEO of Donev Investments Holding - Ivan Donev, is also a member of Doverie United Holding's supervisory board.Donev Investments Holding is also the largest shareholder in drug maker Sopharma, which in turn is the largest shareholder in Doverie United Holding.At the end of June, Donev Investments Holding held directly a stake of under 5% in Doverie United Holding.Doverie United Holding shares closed 2.96% lower at 3.28 levs on the Bulgarian Stock Exchange on Monday.

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