Eurohold Bulgaria plans to seek up to 101 mln euro in capital increase
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SOFIA (Bulgaria), March 2 (SeeNews) - Financial and insurance group Eurohold Bulgaria [BUL:EUBG] said on Tuesday that it is seeking the approval of its shareholders to launch a capital increase aimed at raising up to 197.5 million levs ($121 million/101 million euro).
"The raised funds will be used to finance the acquisition of CEZ Group’s subsidiaries in Bulgaria and to invest in the development of the group's two main businesses - energy and insurance," Vasil Stefanov, head of mergers and acquisitions at Eurohold, said in a statement.