UPDATE 1 - Bulgaria's economy grows 1.8% y/y in Q3 - prelim data
Serbia posts 47.8 mln euro budget deficit in Jan-Oct
Bulgaria's economy grows 1.8% y/y in Q3 - prelim data
Bosnia’s Pro Fin suspends subscription for new issue of 3-yr notes
Vivacom, Eutelsat launch ground station in Bulgaria
Oct 23, 2007 11:54 EEST
SOFIA (Bulgaria), October 22 (SeeNews) – Bulgarian security company 3 S SOT plans to go public next year, aiming to capitalise on the growing stock exchange market in Sofia, a Bulgarian daily reported on Tuesday.
“The company is undergoing consolidation and restructuring, which should take between a few months and a year. Once it is completed, we plan to offer our shares for trading on the stock exchange,” business daily Dnevnik quoted 3 S SOT executive director Boris Garvanov as saying.
You can subscribe to our M&A newsletter here
Garvanov said the company might increase its share capital, which currently stands at 1.128 million levs ($818,637/575,937 euro), prior to the listing or afterwards.
Several SeeNews calls to Garvanov on Tuesday went unanswered.
A rising number of Bulgarian companies have announced plans to go public as financing through the stock exchange in Sofia has become easier after the influx of foreign funds following the country’s EU accession in January. 3 S SOT would be the first security company to list on the bourse in Sofia.
3 S SOT, set up in 1993, offers its services in 600 cities in Bulgaria, where 7.7 million people live.
(1 euro = 1.95583 Bulgarian levs)
You have run out of free articles this month.
Sign up in for
and get ten (10) free articles per month or sign up for
and get unlimited access.
Browse our free newsletter options