Favorit Hold AD completed the acquisition of additional 0.75% stake in Kotlostroene JSCo for approximately BGN 1 million.
Favorit Hold AD (BUL:6A9) completed the acquisition of additional 0.75% stake in Kotlostroene JSCo (BUL:4KS) for approximately BGN 1 million on March 9, 2021. The buyout offer was accepted by 19 shareholders who owned a total of 1,777 shares in Kotlostroene. Post acquisition Favorit Hold has increased its direct and indirect interest in steam and hot-water boilers maker Kotlostroene to 90.75%.