CBA Asset Management AD (BUL:C81) agreed to acquire SPMI JSC for BGN 0.06 million in November 2019. In 2018, SPMI generated revenue of BGN 5.7 million. Transaction is subject to approval of shareholders of CBA Asset Management, which is expected to be approved in general meeting to be held on December 30, 2019 and approval from Bulgaria's Commission for Protection of Competition. As of February 25, 2020 the transaction was approved by Bulgaria's Commission for Protection of Competition. The deal is approved by shareholders of CBA Asset Management AD.