Moststroy To Be Restructured To a Holding

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

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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