PABOLUX S.A. offered a planned buyout bid to acquire an additional 7.6% stake in Belovo Paper Mill AD (BUL:58B) for BGN 0.98 million on July 16, 2018. Under the terms, PABOLUX will acquire 0.44 million common stocks for BGN 2.25 per share. PABOLUX currently holds directly 83.53% stake and rest 8.86% indirectly. After completion of the buyout bid, Pabolux intends to delist Belovo Paper Mill from the Bulgarian Stock Exchange. Transaction is subject to approval by The Financial Supervision Commission. As on July 16, 2018, the Board of Directors of Belovo approved the transaction. The deadline for accepting the offer will be 28 days since publication. Bulgaria's financial regulator, Financial Supervision Commission temporarily suspended the publication of a buyout bid on August 9, 2018. Pabolux filed corrected buyout bid on August 21, 2018. As of August 31, 2018, the transaction received regulatory approval. As of October 2, 2018, PABOLUX received valid acceptance from 12 shareholders for 0.03 million shares comprising of 0.55% stake in Belovo Paper Mill. Pabolux S.A. cancelled the acquisition of an additional 7.6% stake in Belovo Paper Mill AD (BUL:58B) on July 16, 2019.