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Bulgaria's Doverie-Invest cap hike entered into commercial register

Bulgaria's Doverie-Invest cap hike entered into commercial register Ken Teegardin/CC BY-SA 2.0

SOFIA (Bulgaria), November 16 (SeeNews) - Bulgarian diversified group Doverie United Holding [BUL:DUH] said that the 2 million levs ($1.2 million/1.0 million euro) capital increase of its wholly-owned unit Doverie-Invest was entered into the register of public companies on November 12.

Doverie-Invest's registered capital now amounts to 7 million levs divided into the same number of ordinary shares with a par value of 1 lev each, the parent company said in a stock exchange filing last week.

The increase of the unit's capital resulted from Doverie United Holding's own capital hike procedure which was successfully completed in August, the holding company noted.

In August, Doverie United Holding raised some 11.6 million levs in a capital increase via a new share issue. Investors subscribed and paid for a total of 2,763,756 shares in the company, the group said at the time.

Doverie United Holding's registered capital now amounts to some 21.5 million levs divided into 21,499,855 ordinary shares with a nominal value of 1 lev each.

As at 15:15 CET on Tuesday, shares in Doverie United Holding traded 1.74% higher at 8.18 levs on the Bulgarian Stock Exchange.

Doverie United Holding owns majority stakes in over 20 companies active in various sectors of the economy, including healthcare, insurance, banking, retail trade, real estate, and others.

(1 euro = 1.95583 levs)