Bulgarian-based company Baltimore offered to pay 40.24 levs ($26.7/20.6 euro) per each share in local lavender oil and cosmetics producer Lavena [BUL:4L4] it does not already own, it said on Monday. Currently, Baltimore holds 134,786 Lavena shares, equal to 67.11% of the cosmetics company’s capital, it said in a buyout notice published in local Capital Daily. Baltimore plans to finance the buyout with a loan of up to 1.5 million euro ($1.9 million). Lavena traded 5.88% higher at 45 levs on the Bulgarian Stock Exchange by 1006 GMT, as 183 shares had changed hands by that hour.
Source: money.bg (09.10.2012)