Bulgaria’s Leasing Finance completes TBI Rent takeover, renames it to M Rent Bulgaria’s Leasing Finance has completed the acquisition of 100% of local peer TBI Rent, data from the country’s commercial register showed. Following the acquisition, TBI Rent has been renamed to M Rent, the data showed. Last month, the Commission for Protection of Competition said it granted Leasing Finance approval to acquire 100% of TBI Rent. Sofia-based TBI Rent has a registered capital of 2.3 million levs ($1.3 million/1.2 million euro), according to the country’s commercial register. Leasing Finance, also based in Sofia, was set up in 2005. The company has a registered capital of 28.6 million levs, according to the commercial register.
Source: Capital (12.07.2017)

TBI Bulgaria gets nod to publish sweetened buyout bid for Bulstrad VIG Bulgaria’s financial regulator said it has granted approval to TBI Bulgaria to publish a buyout bid for the remaining 0.62% of the share capital of Sofia-based Bulstrad Vienna Insurance Group [BUL:4BI] which the company does not already own. TBI is offering to pay 44.78 levs ($26.8/22.9 euro) for each of the 19,559 shares it does not already own, the Financial Supervision Commission (FSC) said in a statement late on Wednesday. Last month, FSC said it has temporarily banned the publishing of a buyout offer by TBI Bulgaria for 19,559 Bulstrad VIG shares, at a price of 31.11 levs apiece. On May 18, TBI Bulgaria said it has launched a buyout bid for the remaining 0.62% stake in Bulstrad VIG it does not already own, adding that will also consider delisting Bulstrad VIG from the Bulgarian Stock Exchange. TBI Bulgaria is a wholly-owned subsidiary of Vienna Insurance Group (VIG).
Source: econ.bg (28.07.2017)