- By country
- By industry
- By topic
- Top 100
SOFIA (Bulgaria), January 17 (SeeNews) - Bulgaria's Elana Agricultural Land Fund REIT [BUL:6ST] said that it will seek to raise 472,500 levs ($268,800/241,600 euro) in a capital increase.
Elana Agricultural Land Fund REIT will offer 50,000 shares for subscription at a price of 9.45 levs apiece, the company said in a statement earlier this week.
The capital increase will be considered successful if at least 40,000 shares are subscribed for and paid for.
The company currently has a registered capital of 650,000 levs.
Also this week, Elana Agricultural Land Fund REIT said that it has signed a preliminary deal to sell a property in Sofia to Elana Holding for 200,000 levs. The deal is expected to be finalised in the first quarter of the year.
(1 euro = 1.95583 levs)