June 26 (SeeNews) - Bulgarian Private Equity Fund [BUL:BPT] said on Friday that it will seek to raise up to 6.9 million levs ($4 million/3.5 million euro) in a capital increase via a new share issue.
Bulgarian Private Equity Fund will offer for subscription 6,578,255 shares at a price of 1.05 levs each, it said in a statement.
The capital increase will be considered successful if at least 500,000 shares are subscribed for and paid for.
Bulgarian Private Equity Fund shares last traded on the Bulgarian Stock Exchange at a price of 1.10 levs.
Last year, the company raised some 4.39 million levs in a capital increase, as 16 investors subscribed for 4,385,503 shares.
(1 euro = 1.95583 levs)