Arco Vara agrees to sell 75% stake in Bulgaria’s Botanica Lozen for EUR 6.3 million

Bitget2026/09/29 08:01

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Arco Vara agreed to sell its 75% stake in Bulgaria’s Botanica Lozen to minority owner Kamaleo Invest for EUR 6.3 million.
Payment terms include a EUR 1.27 million deposit within seven business days, EUR 1 million by Oct. 31, 2026, and EUR 4.03 million at closing.
Closing is targeted by Feb. 26, 2027; the first two payments are to be funded via a loan from Botanica Lozen.
The deal would transfer full ownership to Kamaleo Invest, ending Arco Vara’s real estate development exposure in Bulgaria.
Proceeds are earmarked for Estonian projects, including the Luther Quarter and Arcojärve developments; no material profit impact is expected.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Arco Vara AS published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609290400OMX_____CNEWS_EN_GNW1001275107_en) on September 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Arco Vara agrees to sell 75% stake in Bulgaria’s Botanica Lozen for EUR 6.3 million

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