The Bulgarian State Securities and Exchange Commission (SSEC) has put a temporary ban on Carlsberg's buyback offer for the remaining shares in the brewery Pirinsko Pivo which are in the hands of minority shareholders.

Carlsberg acquired a 67% stake in Pirinsko Pivo in October for BL18.332m ($9.42m/€9.39m) and under Bulgaria's Public Offering of Securities Act was required to make a buyback offer for the outstanding shares in the company.

However, the SSEC said there was little possibility of the block being permanent. Carlsberg is to submit a revised buyback offer at the beginning of next week.