The auction for the unused rights issued as part of the capital raise operation of Euroins will be held on the Bulgarian Stock Exchange (BSE) today. A total of 2.985 mln rights will be auctioned off. Four rights will allow the subscription of one new shares with 4 leva issue value.

The deadline for the subscription of shares of the new issue is set for January 23, 2009.

Majority shareholder Euroins Insurance Group, which holds a 70-percent stake in Euroins, has already subscribed all the rights it is entitled to.

Trade in the rights of Septona Bulgaria will kick off on Wednesday (January 14). The, which produces pharmaceutical products and cosmetics, will carry out the first secondary public offering of shares for the year.

The shares, issued as part of the capital raise of Lomsko Pivo, will be subscribed until Thursday (January 15). The brewer plans to hike its capital from 4.5 mln leva to 6 mln leva.

The general shareholders' meeting of Albena is scheduled for Sunday (January 18). The shareholders will put to vote a proposal for the sale of Albena's stake in Albena Invest Holding and the acquisition of 100% of the capital Intersky.

Albena owns 47.83% of the capital of Albena Invest Holding. The value of the stake, which is to be sold is estimated at between 18.704 mln leva (or 7.11 leva per share) and 26.7 mln leva (10.15 leva per share). Albena Holding is expected to purchase the stock.

The purchasing of 100% of the capital of Intersky will be carried out at a price of 26.573 mln leva. The acquisition will be funded with the proceeds from the sale of Albena's holdings in Albena Invest Holding.

The SOFIX blue-chip index shed nearly 1% of its value, to 355.14 points, last week, while the broader BG40 advanced by 0.57%, to 108.42 points.