Speedy JSC (BUL:0SP) agreed to acquire 76% stake in Vienna Real Estate EAD on September 28, 2016. As of November 18, 2016, Speedy JSC (BUL:0SP) received regulatory approval from Bulgaria's competition regulator to acquire assets of Vienna Real Estate EAD . Under the terms, the deal will proceed through establishment of a joint venture, in which Speedy JSC (BUL:0SP) will own a stake of 76%, while Vienna Real Estate EAD will own the remainder, the Commission for Protection of Competition said in a statement. Speedy JSC (BUL:0SP) completed the acquisition of 76% stake in Vienna Real Estate EAD for BGN 46 million on December 5, 2016. The large part of consideration was financed through a loan from UniCredit Bulbank.