The managing board of Monbat, a Bulgarian manufacturer of car and locomotive batteries, among others, has decided to repurchase 0.295 per cent of the company's registered capital, the company said in a filing with the Sofia stock exchange.

The offer will target a total of 115 380 shares.

The name of the investment intermediary that will handle the buyback will be announced by the management at a later time. Fertiliser maker Neochim, internet company investor.bg and Stara Planina Holding are among the public corporations that have recently announced buyback offers.