Bulgarian corporation Atomenergoremont (AER), which maintains the machinery in power plants, announced on Wednesday that EF Asset Management, a local investment company, has acquired total ownership of 5,8522% of its share capital.
AER reported in a stock exchange filing that EF Asset Management had acquired 204,930 ordinary voting shares with a settlement date of August 25.
For one of the four investment funds managed by the company, NMF EF Potential, the stock was purchased. The acquisition brings NMF EF Potential’s total holdings in Atomenergoremont to 452,220 shares or 2,9451% of the company.
EF Rapid and EF Principal ETF, two other funds run by EF Asset Management, hold 176,690 shares and 269,695 shares of the company that maintains power plant equipment, respectively. This corresponds to equity holdings of 1,1507% and 1,7564%, respectively.
The companies have not disclosed the value of the deal.
Kozloduy NPP, the sole nuclear power station in Bulgaria, is Atomenergoremont’s principal customer.
In the first half of 2022, the business’s revenue increased by 42.5% to 26.7 million levs, leading to an increase of 1.7% in profits to 4.75 million levs (2.4 million euros), the corporation reported in August.
The Power Plant Equipment Maintenance Company’s shareowners authorized a dividend of 0.015 levs per share, or 230,327 levs altogether, in June.
The Bulgarian Stock Exchange saw shares of Atomenergoremont selling 4% higher at 5.20 levs.