FX Studio Ltd-Sofia made the first ever tender offer for the stock of a real estate investmnt trust (REIT) on the Bulgarian Stock Exchange. It was registered by the principal shareholder SII Properties REIT.

According to BSE-Sofia data, the offerer owns directly or via ralated parties a total of 637,833 shares or 98.13% of the company's capital.

12,167 shares are subject to the offer and the bid is at 1.40 leva.

The offerer also intends to delist the company from the public companies register. The financial Supervision Commission hasn't reacted yet.

FX Studio acquired its stake in the company during the trade sessions on May 28 and 29 when it purchased 288,833 shares from BK Investment Ltd, 200,000 shares from Tracy's Ltd and 150,000 shares from Raton AD Sofia. An affiliated company – Nide City holds 33,000 shares acquired at 1.358 leva per share.

At the moment on the BSE there is a bid on the position at 1.60 leva and no asks.