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    Bulgaria's Activa Asset Management increases stake in Bulland Investements REIT

    Bulgaria's Activa Asset Management increases stake in Bulland Investements REIT Author: Ken Teegardin. License: Creative Commons, Attribution 2.0 Generic.

    SOFIA (Bulgaria), February 6 (SeeNews) - Bulgarian real estate investment trust Bulland Investments REIT [BSE:5BD] said on Thursday that Sofia-based Activa Asset Management has increased its indirect shareholding in the company to 10.65%.

    Following a deal concluded on February 3, funds run by Activa Asset Management now control 1,598,852 shares in Bulland Investments REIT, the latter said in a bourse filing.

    Activa Asset Management grew its stake in the capital of Bulland Investments REIT to 9.72% in a deal concluded on January 30, the real estate investment trust said in a separate bourse filing earlier on Thursday. 

    Prior to both deals, Activa Asset Management's funds controlled less than 5% of the share capital of Bulland Investments REIT. 

    As at 13:43 CET on Thursday, Bulland Investments REIT shares traded unchanged at 1.05 levs ($0.59/0.54 euro) on the Bulgarian Stock Exchange.

    (1 euro = 1.95583 levs)

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