Reference is made to the stock exchange announcement published byBlack Sea Property AS (the "Company") on28 May 2021 regarding, inter alia, a contemplated merger between the Company and Bulgaria Eiendom Invest AS ("BEI"). The Boards of the Company and BEI have today entered into a merger plan. The merger plan proposes that the general meetings of the respective companies approve a merger of the two companies. The Company will call for the annual general meeting, where inter alia the merger will be presented for approval. The annual general meeting is expected to be held on30 June 2021 . The merger plan with relevant appendices will be published simultaneously with the notice to the annual general meeting of the Company. For further information please contact: Egil Melkevik, Chairman Tel: +47 90 77 09 76 E-mail: em@ms-solutions.no AboutBlack Sea Property AS :Black Sea Property AS is a real estate company with holdings in a real estate project on the Black Sea coast calledSunrise Gardens .Sunrise Gardens Resort is a partially completed project and will upon completion comprise approximately 950 apartments as well as significant commercial space.Black Sea Property AS owns indirectly 75% of the project.Black Sea Property AS will work to finalizeSunrise Gardens Resort , to realize the project's added value through the sale of residential units and hotel operations.
Click here for more information
© Oslo Bors ASA, source