The state financial commission approved the buyout offer of the Luxembourg-based Advent Water, part of the US Advent International Corporation, to minority shareholders of the country’s leading water bottling company Devin. The proposal has been filed on behalf of Advent and the executive directors of Devin, who together control 90.1% of the share capital. At present, the stake of Advent in Devin stands at 83.4% and executive directors hold another 6.7% in Devin. The share price of the offer is set at BGN 3.5 (EUR 1.79) per unit. Equity fund Advent International acquired 79% stake in Devin from Austria ’s investment group Soravia and local physical persons in September at the price per share of BGN 3.06 placing the market capitalisation of the company at EUR 40mn. Currently the stock of Devin is traded at BGN 3.25 per unit. Advent Water has not unveiled intentions to remove the company from public trading.