IFC exits Bulgaria's Advance Terrafund REIT

IFC exits Bulgaria's Advance Terrafund REIT
By bne IntelliNews March 1, 2021

Bulgaria's Advance Terrafund REIT said on March 1 that the International Finance Corporation (IFC) sold its 17.7% stake in the company for an undisclosed price on February 23.

Meanwhile, Bulgarian financial services company Karoll Finance increased its stake in the Advance Terrafund to 32.98%, the company said in a statement filed on the website of the Bulgarian Stock Exchange.

At the end of 2020, Karoll Finance owned a 17.65% stake in Advance Terrafund.

Advance Terrafund says it is the largest real estate investment trust by market capitalisation in Bulgaria. It is included in all indices of the Bulgarian Stock Exchange.

Related Articles

Bulgaria grants 5G frequency licences to three telcos

Bulgaria's Communications Regulation Commission (CRC) said it has awarded 20-year 5G frequency licences with national coverage to the three main telecommunication companies operating in the country. ... ... more

Bulgaria reports record-high 4,851 daily coronavirus cases amid rising support for vaccines

Bulgaria reported 4,851 new cases of coronavirus (COVID-19) per 24 hours on March 24, the highest daily record since the outbreak, health ministry data showed. The country is in a third lockdown ... more

Belgrade to announce public call for building Serbia-Bulgaria gas intersection

A public call for selecting companies for the construction of the Serbia-Bulgaria gas interconnection is expected to be announced next week, after approvals from the competent European institutions, ... more