Kardan has announced that its subsidiary GTC (12 PLN, -1,07%) Real Estate has purchased shares in GTC SA. GTC RE purchased 1,353,635 shares in GTC SA for a total amount of approximately € 3.8m. Through this purchase, GTC RE has increased its holding in GTC SA from 27.14% to 27.75%.Our view: The news came out during yesterday’s trading session. However, we believe it could still be supportive for GTC’s stock price today.