September 4 (SeeNews) - Bulgaria's Central Department Store company, owner of the retail and office building of the same name in central Sofia, said that it is planning to raise some 6.4 million levs ($3.6 million/3.3 million euro) through a capital increase.
All new 6,385,989 shares will be offered for subscription at a price of 1 lev apiece to local company Bulinvest Com, Central Department Store said last week in an invitation for a shareholders' meeting.
The shareholders of Central Department Store will vote on the company's proposal at a meeting scheduled for October 23.
Central Department Store closed 2018 with a net profit of 284,000 levs on revenue of 4.8 million levs, according to the company's annual financial statement.
The company's current assets amounted to 2.0 million levs at the end of 2018, while it had obligations of 4.9 million levs due in the following 12 months.
(1 euro = 1.95583 levs)