Sat, Nov 21 2009

Tirista Ltd purchased a ship from Bulyard for $21M

Tue, Nov 03 2009 10:59 CET byNick Iliev 739 Views
Tirista Ltd purchased a ship from Bulyard for $21M

Tirista Ltd., Marshall Islands purchased a ship from Bulyard for $ 21 million on November 1 2009, Investor.bg has reported.

Tirista Ltd is a subsidiary of Industrial Holding Bulgaria (IHB) PLC through Private Engineering AD and purchased the vessel with designated number 459 from Bulyard Shipbuilding Industry EAD, which is still currently under construction, but the report says that the delivery date is July 2010.

The vessel has 21 000 tons of water displacement, 'with unlimited level of floating'. Earlier in October, Industrial Holding Bulgaria reported that another contract for the construction of a vessel worth in excess of $23 million was canceled.

Bulyard Shipbuilding Industry EAD is a subsidiary of Bulyard AD, in which Industrial Holding Bulgaria PLC currently holds 61.5 per cent of the voting shares.

In the last three months, Industry Holding Bulgaria's shares have increased in value by 7.11 per cent, reaching 1 912 leva for a share, with 83.7 million leva of market capitalisation.

 

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