Kardan has announced that its subsidiary (12 PLN, -1,07%) Real Estate has purchased shares in SA. RE purchased 1,353,635 shares in SA for a total amount of approximately € 3.8m. Through this purchase, RE has increased its holding in SA from 27.14% to 27.75%.
The news came out during yesterday’s trading session. However, we believe it could still be supportive for GTC’s stock price today.