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SHERATON SHARES TRADE TEMPORARILY STOPPED
Business | September 11, 2001, Tuesday // 00:00
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The trade of the shares of Sheraton Sofia Balkan Stockholding Company stopped for one day. The reason for that was the announcement that the majority owner Daewoo Engineering & Construction Co. agreed to sell its 67% share hotel unit to a Malta hotel company for $23.5 M. `The Bulgarian Stock Exchange stopped the trade of the shares because there was a threat for rash deals without knowing the information,` Manju Moravenov, Trade Director of the Bulgarian Stock Exchange said, quoted by Pari Daily. The sale of the majority share of the company will automatically result in purchasing of the rest of the shares.
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