Bulgaria's Energoremont Holding raises capital - regulator

The company has issued the shares in order to trade on the regulated market, the Financial Supervision Commission (FSC) said in a statement published on its website over the weekend.

Energoremont Holding said last month it has received the regulatory nod to issue 15,370,960 new shares with a par value of 1.0 lev ($0.6/0.5 euro) each, aiming to increase its capital to 19.2 million levs from 3.8 million levs via a bonus share issue.

Energoremont Holding and its seven affiliate companies manufacture power equipment, spare parts and metal structures for companies operating in power engineering, chemistry and metallurgy.

(1 euro = 1.9558 Bulgarian levs)