Holding Varna has transferred 5.0002% of the capital of Odesos Ship Repair Yard AD, the monthly bulletin of the Central Depository announced.

The buyer is Central Cooperative Bank which thus incraeses its share to 14.205% of the company's capital.The deal was made on a block segment on 13 June at a price of 220.06 leva per share, or for a total of 6.455 mln leva.

The buyer is also entitled to dividend which is at 12.5 leva per share as ex-dividend date was 14 June.

The forthcoming general meeting will vote a proposal to authorize the Board of Directors to lead negotiations for the purchase of a floating dock an investment worth 22.5 mln leva. Odesos Ship Repair Yard will fund the purchase with 60% of the sum and 40% on credit.

Odesos Ship Repair Yard posted net non-consolidated profit in the amount of 3.743 mln leva for the first quarter of 2007, compared with a negative result at 372,000 leva a year ago.

The stock of Holding Varna was trded at levels between 38.60 leva and 39.00 leva in early tade today and Odesos Ship Repair Yard's shares at prices between 227.00 leva and the record breaking 236.00 leva per share.