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Oct 31, 2007 19:34 EEST
October 31 (SeeNews) - Bulgarian engineering and construction company Enemona said on Wednesday it would launch an initial pubic offering of 2.0 million shares by the end of next month.
The company said in a statement it received a regulatory approval for the flotation of shares, which will represent 16.75% of its capital. Its shares have a nominal value of 1.0 lev each.
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Enemona will use the IPO proceeds to back its expansion plans, Enemona corporate policy director Prokopi Prokopiev told SeeNews earlier. The company has said it planned to invest 45 million euro in energy saving projects in public buildings like schools and hospitals by the middle of 2010.
Enemona raised 2.7 million levs from the sale of 20% of its brewery Lomsko Pivo on the Bulgarian Stock Exchange in July.
(1 euro = 1.95583 Bulgarian levs)
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