Bulgaria's Advance Terrafund REIT said on March 1 that the International Finance Corporation (IFC) sold its 17.7% stake in the company for an undisclosed price on February 23.
Meanwhile, Bulgarian financial services company Karoll Finance increased its stake in the Advance Terrafund to 32.98%, the company said in a statement filed on the website of the Bulgarian Stock Exchange.
At the end of 2020, Karoll Finance owned a 17.65% stake in Advance Terrafund.
Advance Terrafund says it is the largest real estate investment trust by market capitalisation in Bulgaria. It is included in all indices of the Bulgarian Stock Exchange.
Gazprom faces another compensation claim for lost gas supply from a former European customer – this time Bulgaria’s state gas company Bulgargaz. Bulgaria was one of a number of European ... more
The Bulgarian-American Credit Bank said on April 16 it has agreed to acquire 99.94% of local Tokuda Bank from Japan-based Tokushukai Incorporated. The two banks are among the smallest in Bulgaria ... more
This Southeast Europe Outlook 2024 has been prepared by bne IntelliNews as part of a series of annual reviews providing updates on the geopolitical, macroeconomic and commercial state of ... more