Development Group AD bid to acquire remaining 9.02% stake in Industry Development Holding AD (BUL:6R1) for BGN 1.8 million on May 3, 2018. Under the terms of the transaction, Development Group bid to acquire 0.9 million shares in its subsidiary Industry Development Holding that it does not already own for BGN 2 per share. As of May 3, 2018, Bulgaria's financial regulator, Financial Supervision Commission (FSC) has temporarily suspended the publication of the buyout bid. Development Group AD cancelled the acquisition of remaining 9.02% stake in Industry Development Holding AD (BUL:6R1) on June 1, 2018. Bulgaria's financial regulator banned the publication of the buyout bid.