Favorit Hold AD (BUL:6A9) made a bid to acquire the remaining 10% stake in Kotlostroene JSCo (BUL:4KS) for BGN 1 million last month. As a part of the transaction, Favorit Hold will acquire 0.02 million shares at BGN 41.93 per share. Favorit Hold owns 77.59% interest in Kotlostroene and has a joint management agreement with two other shareholders controlling 12.41%. Bulgaria's Financial Supervision Commission allowed the publication of a revised buyout bid as on February 8, 2021.

Favorit Hold AD (BUL:6A9) completed the acquisition of additional 0.75% stake in Kotlostroene JSCo (BUL:4KS) for approximately BGN 1 million on March 9, 2021. The buyout offer was accepted by 19 shareholders who owned a total of 1,777 shares in Kotlostroene. Post acquisition Favorit Hold has increased its direct and indirect interest in steam and hot-water boilers maker Kotlostroene to 90.75%.