Moststroy To Be Restructured To a Holding

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Moststroy To Be Restructured To a Holding

Moststroy () will be restructured to a holding with three subsidiaries, company representatives attending the general meeting of shareholders held today told Profit.bg.

The new companies will be based in Sofia, Plovdiv, Veliko Tarnovo. The holding will have a core capital of 8 mln leva (4.091 mln euros).

The company expects annual profit in the amount of 9-10 mln leva, of which 2 mln leva from core activity. Revenues are projected at 40 mln leva (20.451 mln euros).

Moststroy will seek shareholders' approval for a 1:7 split at the annual meeting next year.

As you know, shareholders approved a 1:10 split at their GM today.

The capital, which stands at 1.115 mln leva, will now be allocated into shares with a face value of 1 lev (instead of 10 leva).

Shares rose 3.34% so far today to an average of 2696.31 leva.

More on that topic: Moststroy Shareholders Approve 1:10 Split

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