Supervisor suspends three tender offers _x000d_

02.08.2004

Bulgaria's Financial Supervision Commission has issued three temporary bans on the publication of tender offers. The supervisor has suspended the purchase of shares from minority owners in Elkabel AD by Fyuat Gyuven through Bulbrokers. A temporary ban has been also imposed on STS Invest Holding of Gabrovo concerning the purchase of shares in Mechatronica AD through BenchMark Finance. In July the majority owner (90.01%) made a tender offer for 9.99% of the capital at BGN 13.15 per share. S&B Holding GmbH of Germany has been prevented from publishing a tender offer for shares in Bentonit of Kardjali through Economic and Investment Bank. The German company holds 97.03% of the Bentonit and offered to buy 2.97% of the capital at BGN 19 per share. Source: Par