Eurohold Bulgaria expects to wrap up buy of CEZ assets in H1 Eurohold/All rights reserved.
SOFIA (Bulgaria), April 8 (SeeNews) - Eurohold Bulgaria [BUL:EUBG] expects to complete the acquisition of the Bulgarian assets of Czech energy group CEZ in the first half of the year, the financial and insurance group s board chairman said.
Eurohold Bulgaria will also go forward with its capital increase plans, although it currently has enough funds to finance the portion of the transaction not covered by the planned borrowed financing, Kiril Boshov said in an interview aired by public broadcaster BNT on Wednesday.
Last month, the company said 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 vote on the proposal is scheduled for April 10.
Eurohold Bulgaria secures $31 mln funding commitment from Gem Global Yield Eurohold/All rights reserved.
SOFIA (Bulgaria), March 8 (SeeNews) - Financial and insurance group Eurohold Bulgaria [BUL:EUBG] said on Monday that it has signed an agreement securing a $31 million (26 mln euro) funding commitment from Luxembourg-based Gem Global Yield.
Gem Global Yield will make an equity investment in Eurohold, allowing it to acquire a stake in the company, Eurohold said in a stock exchange filing.
The funds will be used to partially finance the acquisition of the assets of Czech energy group CEZ in Bulgaria, as well as for the expansion of Eurohold s insurance operations.
Eurohold Bulgaria plans to seek up to 101 mln euro in capital increase Eurohold/All rights reserved.
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.
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Central Europe
Polish postal locker provider InPost is seeking to raise as much as 3.2 billion euros for shareholders with its initial public offering in Amsterdam, as its business is bolstered by an online shopping boom set off by coronavirus-induced lockdowns. InPost is marketing 175 million existing shares at 14 euros to 16 euros apiece, the company said in a statement on Thursday. The sale would value the company, which isn’t raising any money in the offering, at seven to eight billion euros. Selling shareholders include Advent International, Templeton Strategic Emerging Markets Fund and PZU Fundusz. The offer period is expected to run through January 28, with trading scheduled to begin on Euronext Amsterdam the following day.