Albena – 3% of shares, buy-back program (2003)

Albena is a listed Bulgarian company operating mainly in the hospitality and tourism industry. Albena owns multiple hotels and manages many subsidiaries in industries supporting the core business - transport, medicine and spa, tour operator activity, agriculture and construction.

The team of Bulbrokers Consulting advised Albena on its shares buy-back via the stock exchange (3% of share capital). Bulbokers acted as financial intermediary for the procedure. The EUR 0.8mn transaction was completed in a single day in an open auction in January 2003.