This means that until the end of the proceedings in the Sofia City Court, the shares of Plovdiv Fair will not go to the private company Puldin Turinvest AD
As a result of the lawsuit filed by the Minister of Economy and Industry Bogdan Bogdanov before the Sofia City Court and the two special motions, the Court of Appeal — Plovdiv confirmed the suspension of the registration of the transfer of the shares of the Plovdiv Fair from the Municipality of Varna to Puldin Turinvest AD. The Court confirmed the order of the Plovdiv District Court, which suspended the protective registration proceedings for the registration of the capital increase of Puldin Turinvest AD through the in-kind contribution of the Municipality of Varna — 16,314,400 registered shares until the conclusion of the proceedings by a final court decision.
This means that until the end of the proceedings the shares of Plovdiv Fair will not go to the private company Puldin Turinvest AD.
At the beginning of June the Minister of Economy and Industry Bogdan Bogdanov ordered a full legal analysis of the case with the Plovdiv Fair. Later, the Council of Ministers instructed him by its decision to take all possible actions to protect the state interest. In mid-July, the Ministry of Economy and Industry filed a lawsuit for the ownership of the shares, requesting also the suspension of the entry of the shares in the Commercial Register and the seizure of the shares in the Central Depository.