Bulgartabac Says Dubai-Based Investor Owns 18.1% Shareholding

Bulgartabac Says Dubai-Based Investor Owns 18.1% Shareholding

Bulgarian tobacco group Bulgartabac Holding [BUL:57B] has said that Dubai-based company Gifted Master Ltd owns 18.1% of its share capital. Gifted Master Ltd currently owns 1,333,602 Bulgartabac shares, the tobacco group said in a bourse filing earlier this week. No further information was disclosed. In December, UAE-based company TI Holding FZE took control of a 26.2% stake in Bulgartabac, but shortly after reduced its shareholding interest to 13.97%.Austria-based BT Invest held a 65.85% stake in the capital of Bulgartabac at the end of March, according to data from the interim financial report of the company filed with the Bulgarian Stock Exchange. In May 2017, British American Tobacco (BAT) purchased Bulgartabac's leading cigarette brands for more than 100 million euro ($117.2 million).($ = 0.853082 euro)

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