Tomov Development Ltd made a buyout bid to acquire the remaining 5.45% stake in Velina AD (BUL:4VE) for BGN 0.7 million on October 15, 2019. Under the terms, Tomov Development will acquire 83,397 million shares for BGN 8.4 per share. The offer has not yet been approved by the Financial Supervision Commission. As of November 5, 2019, Financial Supervision Commission suspended the publication of the buyout offer. As of November 13, 2019, despite a revision of the justification of the offered price, Tomov Development Ltd is still offering to pay BGN 8.4 per share. The Board of Directors of Velina finds Tomov Development's revised buyout bid, a fair offer to minority shareholders. As of November 22, 2019, the Bulgaria's Financial Supervision Commission has approved the buyout offer by Tomov Development for the remaining shares of Velina.