Velgraf Asset Management AD (BUL:1VX) made an offer to acquire remaining 20.6% stake in ERG Capital-3 REIT-Sofia (BUL:5ER) for BGN 1.9 million on November 16, 2020. As per terms, Velgraf Asset Management AD will acquire 432,640 shares at BGN 4.3 per share. On June 15, 2021, Velgraf Asset Management AD revised its offer price to BGN 4.46 per share.

After revised offer. the ne consideration will be BGN 1.93 million. The transaction is subject to approval from the Financial Supervision Commission.

As per announcement of December 16, 2020, Financial Supervision Commission has suspended the publication of a buyout bid. As on January 28, 2021, Bulgaria's Financial Supervision Commission banned the acquisition of remaining 20.6% stake by Velgraf Asset Management AD. As on July 9, 2021, Bulgaria's Financial Supervision Commission (FSC) has temporarily suspended the buyout bid.