Slightly more than 7% of Bulgartabac’s capital was traded over the counter Slightly over 7% of Bulgartabac’s capital was traded over the counter of the Bulgarian stock exchange. The deal was struck for 531 950 shares of the cigarette holding. The price of the transaction is by 30% lower than the current market price-BGN 50 per share as compared to BGN 65 at regulated market. Seller is most probably. Miroglio Finance S. A, as the stake of 7,2205% corresponds to the capital stake of Edoardo Miroglio company’s participation. Back on the 9th of May 2014 he announced that reduces his share in Bulgartabac from 10, 4408%. Buyer was Corporate commercial bank AD which stake accelerated from 2, 7996% to 6, 0199%. Besides Edoardo Miroglio and the bankrupt bank, shareholders in the holding are BT Invest GMBH, Austria, with 79.83%, which is the main shareholder and Tobacco Investment with a 5% stake.
Source: investor.bg (16.03.2016)

Bulgarian textile firm Katex halts production amid unfavorable market conditions Bulgarian wool producer Katex said it is halting operations due to decreased productivity and unfavorable market conditions. The company has started a layoff procedure of its personnel, it said in a letter posted on its website. Katex will maintain its manufacturing facilities in a way that would allow a relaunch of operations in case of improvement of market conditions. As at end-June, the company had 189 workers, according to its half-year financial report. Katex generated a net loss of BGN 2.2 million in 2015, compared to a loss of BGN 1.9 million in the previous year.
Source: Other (12.08.2016)