Pazardzhik BT Acquires Majority Stake in Bosnia's Fabrika Duhana Mostar

Pazardzhik-BT () has won a procedure for the acquisition of 67% of the capital of Bosnia's Fabrika Duhana Mostar (Tobacco Factory Mostar), the Bulgarian Stock Exchange (BSE) said.Additional talks will be held for the signing of a contract for the sale of the majority stake in the Bosnian tobacco company.Pazardzhik BT booked 108,000 leva (55,200 euros) loss in the first quarter of 2008, compared to 43,000 leva (22,000 eiros) loss posted for the year-ago period. The operating revenue of the company declined from 771,000 leva (394,200 euros) as at the end of March 2007 to 540,000 leva (276,100 euros) a year later.Major shareholders in Pazardzhik BT include Chesteam with a 49-percent stake and Eco Trade 2005, which owns 36.24% of the capital of the public company.Pazardzhik BT is not among the most liquid stocks on listed BSE. The stock was last traded on March 26, when 50 shares in the company traded hands at a price of 6.3 leva apiece.