Sopharma treasury stock reaches 3.13% (NEUTRAL)

Sopharma bought back 14 244 shares at an average price of BGN 2.70 each between 9 May and 15 May, which is equivalent to 0.01% of the company’s equity. Sopharma has repurchased a total of 4.12m shares so far, equivalent to a 3.13% stake. The treasury stock is expected to be used for the merger with Bulgarian Rose – Sevtopolis which is pending approval by the Financial Supervision Commission.