Eurohold extended a revised voluntary tender offer for Electrohold Sales at BGN 28 433.51 per share (NEUTRAL)

12.05.2022 Source: Electrohold Sales; FFBH

Eurohold Bulgaria (EUBG) extended a revised voluntary tender offer for the purchase of up to 154 shares or 3.08% of share capital at BGN 28 433.51 per share. The company raised its buyout price by 1.0% after the FSC issued a temporary ban on the previous proposal at BGN 28 158.30. After applying the correction, the fair price according to the valuation methods increased to BGN 28 433.51 (BGN 28 016 in the previous proposal). The offer is subject to approval by the Financial Supervision Commission.