site.btaBulgarian Stock Exchange Acquires Independent Energy Exchange for Lv 5.2 Mln

Sofia, August 15 (BTA) - Regarding the procedure for the acquisition of 100 per cent of the Independent Bulgarian Energy Exchange EAD's (IBEX) capital, an agreement has been reached between Bulgarian Stock Exchange - Sofia AD (BSE) and the Bulgarian Energy Holding EAD (BEH), as the sole owner of IBEX's capital, to transfer the capital of IBEX for the price of 5.2 million leva, BSE said Tuesday in a press release.

Four million leva shall be paid upon signing the acquisition contract, while the rest of the sum, amounting to 1.2 million leva, shall be paid in three equal instalments at the end of the sixth, twelfth and eighteenth month after the shares transfer.

The acquisition shall proceed, should the extraordinary general meeting of shareholders of BSE-Sofia approve it, the press release also said.