Shareholders` meeting of one of largest Bulgarian real estate investment trust
Article published from Dnevnik.bg on 2010-03-26 02:00:00Category: Properties in Bourgas
The key shareholders of one of Bulgaria`s largest real estate investment trust - Prime Property BG, will stage another attempt at obtaining control over the company at a general shareholders` meeting on April 17.
The shareholders around Bourgas-based businessman Sava Choroleev - Delta Food, Global Tours, and Pobeda, which jointly hold a 64% stake in Prime Property BG - have put together a new package of proposals.
The aim is to gain control over management by dismissing the company`s board of directors. The latter are considered close to the group around pension insurer Doverie and TBI, which through their funds and another related entity, insurer Bulstrad, own around 25% in the REIT. The board members include Balkan Advisory Company (BAC), global real estate chain Redstone and TBI Invest.
The shareholders around Bourgas-based businessman Sava Choroleev - Delta Food, Global Tours, and Pobeda, which jointly hold a 64% stake in Prime Property BG - have put together a new package of proposals.
The aim is to gain control over management by dismissing the company`s board of directors. The latter are considered close to the group around pension insurer Doverie and TBI, which through their funds and another related entity, insurer Bulstrad, own around 25% in the REIT. The board members include Balkan Advisory Company (BAC), global real estate chain Redstone and TBI Invest.
