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05-02-2018 - Information by BSE-Sofia (Press release by BSE-Sofia)

After acquiring all the necessary approvals, the contract between “Bulgarian Stock Exchange - Sofia” (BSE, Exchange) and “Bulgarian energy holding” for transferring the shares of “Independent Bulgarian Energy Exchange” (IBEX) has come into force. The Exchange has thereby acquired 100% of the IBEX capital. The negotiated price amounts to BGN 5.2 million. Four million BGN were paid upon the transfer of shares, which finalised the sale process, while the remaining BGN 1.2 million shall be paid in three equal instalments at the end of the sixth, twelfth and eighteenth month following the capital transfer. For the deferred part of the payment, BSE-Sofia issued an irrevocable and unconditional revolving bank guarantee.
The news has been published at the X3News financial media website