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Bulgartabac sells Plovdiv cigarette factory
Bulgartabac Holding, the Bulgarian tobacco monopoly, Wednesday sold 78% in its Plovdiv cigarette factory for 30.8 mln levs on the Sofia stock exchange. The bulk of the share package fetched 36.57 levs per share on average, way higher than the guide price of 24.90 levs. The buyer of the larger share packages will be revealed after the transactions are processed by the Central Depository. Over 868,000 shares in the Plovdiv cigarette maker changed hands on Wednesday in more than 100 trades. The average price was just over 31.6 levs per share. The stock closed at 26.72 levs. On Monday, Bulgartabac sold on the bourse its equity in the Slantse Stara Zagora cigarette factory for 18 mln levs. There is no clarity on the future fate of the remaining two Bulgartabac cigarette factories, in Sofia and Blagoevgrad.Source: http://news.dnevnik.bg/