Bulgaria's Bulyard Shipbuilding Industry hikes capital

As a result of the capital increase, Industrial Holding Bulgaria (IHB) holds a stake of 98.59% in Bulyard Shipbuilding Industry, the parent company said in a statement on Monday.

Bulyard Shipbuilding Industry has issued 62,763,115 new shares with a par value of 1.0 lev each, all of which were acquired by Industrial Holding Bulgaria.

The issue was registered into the country's commercial register on December 22.

Bulyard Shipbuilding Industry, set up in 2004, was 100%-owned by Bulyard, a unit of IHB, before the capital hike, data from the commercial register showed.

(1 euro = 1.95583 Bulgarian levs)