September 2 (SeeNews) - Bulgaria's Insurance Company Lev Ins said that its shareholders have approved the company's plans to increase its capital by 4 million levs ($2.2 million/2.0 million euro) via a new share issue.
The company intends to use the proceeds to improve its stability and thus win the trust of the customers, in view of its plans to enter foreign markets, Lev Ins said in a commercial register filing last week.
Lev Ins currently has a registered capital of 43.3 million levs, according to commercial register data.
(1 euro = 1.95583 levs)
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