Trace Group Hold is planning to increase capital from the current 2 mln leva (1.022 mln euros) to 2.2 mln leva (1.124 mln euros). „The company will offer 200,000 shares, or 10% of its capital on the Bulgarian Stock Exchange,“ Miroslav Manolov, company PR told profit.bg.

The information was confirmed by Lachezar Ilchevski, executive director of one of the company's subsidiaries – PCI Jsc.

„The IPO will probably be held in September“ Manolov also said.

The company is currently preparing its prospectus. Simoni Financial Brokerage Ltd will be the underwriter of the emission.

Trace Group Hold's revenues from core activity in 2006 stand at 117.902 mln leva (60.282 mln euros), against 113.076 mln leva (57.814 mln euros) a year ago. The company's profit (after taxes) is in the amount of 5.242 mln leva (2.680 mln euros), against 8.15 mln leva (4.167 mln euros) for 2005.

Trace Group Hold operates in the construction sector and other related to it activities. The group unites 10 associated companies based in regions of strategic importance for the construction industry in Bulgaria.

These are PCI Jsc, Construction Company Trace Jsc, PSF Mostengineering, Trace Burgas, Trace Sofia, Rhodope Trace, Berko Trace, Patstroyengineering and Patno Poddarjane (Road Maintenance) Jsc.

Trace Group Hold is a member of the Association of Industrial Capital in Bulgaria. Nikolay Mihailov controls 90% of its capital.

The company took part in the second round table, organized by the Bulgarian Stock Exchange in Veliko Tarnovo, and its subsidiary PCI Jsc – Stara Zagora was represented at the third round table in Plovdiv.