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Austria's Immoeast Sells Package in Bulgarian Developer
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Delta Food and Global Tours now own over 30% and 10 % in Prime Property BG respectively. Photo by www.diepresse.com
Austrian Immoeast, one of the largest real estate investment funds in Central and Eastern Europe, has sold its share in the Bulgarian developer Prime Property BG REIT.
Initial reports said the Austrian company, which was the largest shareholder in Prime Property BG (42%), has sold about 10 million company shares (2%), but according to latest information the whole package has been sold.
Buyers are Delta Food Ltd., owned by Kaliman, Borat Harom and Global Tours company, associated with another key shareholder in Prime Property - biscuit manufacturer Pobeda, which owns about 17% of the company shares.
Delta Food and Global Tours now own over 30% and 10% in Prime Property BG respectively.
The price of the deal was not disclosed.
Other major shareholders in Prime Property BG are Doverie pension funds, which hold about 21% stake.
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