Bulgaria's Expat Capital buys 20% of Eurohold Bulgaria

Bulgaria's Expat Capital buys 20% of Eurohold Bulgaria

Bulgarian financial services company Expat Capital has bought a 20 per cent stake in local financial and industrial group Eurohold Bulgaria in a deal carried out on the Bulgarian Stock Exchange, the bourse operator said in a statement on June 20 2011.The stake was sold at a price of 26.4 million leva, or 1.215 leva a share, Expat Capital's chief executive and board member Nikolai Vassilev told Dnevnik.The interest was sold by Eurohold's controlling shareholder Starcom Holding and related entities."The deal was fully funded with own capital in a time extremely favourable for acquisitions on the stock market," Vassilev said.Following the deal, Starcom will retain a stake of 51 per cent in the company./Source: The Sofia Echo/

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