Brother and sister acquire a 41.85% stake in Petrol JSC

The siblings Dimitrinka (29 years) and Nikolay (27) Petrovi are the new owners of a 41.85% share package of Petrol JSC. Vyand Oil Ltd., the company that they both manage, has purchased the entire share of Naftex Petrol in the company, showed official figures of the Central Depository, reported by blitz.bg. The deal for the ownership transfer of 45,719 shares was concluded on the non-regulated free market on May 16, at a price of BGN 1.30 per share, and the total amount of the transaction was nearly BGN 60 mln. We should bear in mind that, at the same time, the average price per share in regular trade was BGN 5.57.
Moreover, on April 15, there was another deal in shares of the company - 8.24% of its capital was transferred via Repo transaction (shares for short-term financing) to the Corporate Commercial Bank. Nikolay Petrov said that the only reason to deal with the shares of Petrol JSC was his desire to be involved in a new and successful business, Sofia News agency reported. Albena Ivaylova, a public relations official at Petrol JSC, stated that the shares were transferred against short-term financing and will subsequently be bought back, posted blitz.bg.

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