Arco Vara agrees to sell 75% stake in Bulgaria’s Botanica Lozen for EUR 6.3 million
Bitget2026/09/29 08:01- Arco Vara agreed to sell its 75% stake in Bulgaria’s Botanica Lozen to minority owner Kamaleo Invest for EUR 6.3 million.
- Payment terms include a EUR 1.27 million deposit within seven business days, EUR 1 million by Oct. 31, 2026, and EUR 4.03 million at closing.
- Closing is targeted by Feb. 26, 2027; the first two payments are to be funded via a loan from Botanica Lozen.
- The deal would transfer full ownership to Kamaleo Invest, ending Arco Vara’s real estate development exposure in Bulgaria.
- Proceeds are earmarked for Estonian projects, including the Luther Quarter and Arcojärve developments; no material profit impact is expected.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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