Tuesday, September 2, 2008

Financial Consulting Company raises stake in drugmaker Sopharma to 16.7%.

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Financial Consulting Company raises stake in drugmaker Sopharma to 16.7%. The local Financial Consulting Company has raised its share in the country’s leading drugmaker Sopharma from 10% to 16.7%, according to the bulletin of the central depositor. The stake most probably has been purchased from another local company Telso, which reduced its share by the same amount. Telso sold out another 10% of Sopharma at the end of the previous month and reduced its stake to 7% from 23.77% initially. The prices of the deals have not been revealed by now. The net consolidated profit of Sopharma fell by 43% to BGN 11.5mn (EUR 5.9mn) in H1 but net sales rose by 32% y/y to BGN 219.2mn. Sopharma explains that the modernisation of ampoule production lines reduced its capacity utilisation rates in the beginning of the year.

Abigail Hofman:

Bank deleveraging has barely started

Financial Consulting Company raises stake in drugmaker Sopharma to 16.7%.

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