433,333 rights (61.90%) of FIA Bulgaria will be offered at an auction on February 13, 2008, the bourse said.

If all rights are subscribed, the company will increase capital from 700,000 to 1.225 mln leva via issue of 525,000 shares with a face value of 1 lev and issuing price of 9.31 leva.

The capital will only be raised if at least 200,000 new shares are subscribed. If all shares are placed, FIA will raise a total of 4.89 mln leva.

The company is seeking funds to support its investment plans and to finance the new projects scheduled for 2008 – 2009. Among these are construction of a technopark in the village of Hajidimovo with a total area of 48,000 square meters and of a vacation village with a total area of 72,000 square meters.

The company will also be working on a project for construction of an office building in Sofia's Mladost area on an area of 900 square meters and total built-up area of 3,300 square meters.