Bulgarian company wants to delist

Bulgarian company wants to delist

Bulgarian real estate management company Maritzatex [BUL:MTEX] said on Friday that it has proposed to its shareholders to approve its delisting from the Bulgarian Stock Exchange (BSE).

Shareholders will vote on the proposal at a meeting scheduled for April 14, Maritzatex said in a bourse filing.

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Maritzatex is a majority-owned unit of investment firm Industrialen Holding - Doverie, which is part of Sofia-based diversified group Doverie - United Holding [BUL:DUH].

Last month, Industrialen Holding - Doverie acquired in a buyout bid 9,000 shares of Maritzatex, representing a stake of 1.92%, from a single shareholder.

Industrialen Holding - Doverie submitted the buyout offer early in January, saying it will pay 0.65 levs ($0.37/0.33 euro) for each of the 46,674 shares it did not own, which represent 9.95% of Maritzatex's capital.

Shares in Maritzatex last closed at 1.10 levs on the Bulgarian Stock Exchange’s BaSE Market, bourse data showed.

Maritzatex recorded a net loss of 63,000 levs in 2021, compared with a loss of 259,000 levs a year earlier, according to its last individual financial report.

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