On Monday a stake of 51.9m shares of Petrol or 47.49% of the share capital changed hands on BSE-Sofia at an average price of BGN 2.00/share. The seller should have been the biggest shareholder in the company as of end-September – Petrol Holding, which held 55.48% of the shares, as the next largest shareholder, Naftex Petrol holds a 42.02% stake. Representatives of Kirsan Ilyumzhinov, who owns the majority stake in Petrol Holding, told Capital weekly they had no knowledge of the deal or the buyer. There is no comment available from the other shareholder in Petrol Holding, Mitko Sabev.
The buyer of the 47.49% stake will have to extend a tender offer to the minority shareholders within 14 days of the transfer of the shares, unless he lowers his holdings below 1/3 of the company before the deadline.