Orchid Developments jumps on takeover approach

Orchid Developments, the Bulgaria focused property company, has lept 61% this morning after revealing that it has received a takeover approach from a third party.

Orchid Developments, the Bulgaria focused property company, has lept 61% this morning after revealing that it has received a takeover approach from a third party.

Nevertheless, as always in these types of situations, the company said that "the approach is at a very early stage and there can be no guarantee that it will result in an offer being made."

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