Eurohold Bulgaria Capital Increase Generates 41.86 Mln Leva

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Eurohold Bulgaria successfully completed capital increase procedures. 99.96% of issued stock was transferred and paid within the deadline, which means the company raised a total of 41.86 mln leva (21.402 mln euros).

As a result the company's capital is increased 50 mln leva (25.564 mln euros) to 62.5 mln leva (31.955 mln euros), and its shared capital now stands at 100 mln leva (51.129 mln euros).

Eurohold Bulgaria said the generated funds will fully secure the successful implementation of the company's investment program.

Eurohold Bulgaria will use the funds in four main directions – to increase capital of subsidiaries, to expand Euroins market territory by entering the markets of 8 European countries, to acquire new companies and to build more sale and service centers in the country.

Eurohold Bulgaria posted net profit in the amount of 2.504 mln leva (1.280 mln euros) for 1Q and revenues in the amount of 39.569 mln leva (20.231 mln euros). Bulgarian Holding Corporation AD controls 64% of the company's capital.

A total of 20 506 shares changed hands on the position in today's early trade at prices between 3.70 and 3.74 leva/share.

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