Bulgaria’s Baltimor gets regulatory nod to buy out cosmetics co Lavena Bulgaria’s financial regulator said on Thursday it gave the green light to Baltimor, the majority shareholder of Bulgarian lavender oil and cosmetics producer Lavena, to buy out the shares in Lavena it does not own yet. The Financial Supervision Commission provided no further details in its notice. In February, Baltimor, which holds 76.02% of Lavena, or 202,709 shares, said it wants to acquire the remaining 24% it does not hold yet. Lavena, established in 1962, owns lavender plantations and exports its products in Europe, Asia, Africa, Australia and the U.S. Baltimor is based in Sofia and is majority-owned by Bulgarian logistics company A Start 2000.
Source: investor.bg (04.04.2014)