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Bulgaria's FSC approves Port Fleet 99 listing prospectus

Nov 11, 2020, 12:00:00 AMArticle by Mario Tanev
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November 11 (SeeNews) - Bulgaria's Financial Supervision Commission said that it has approved the prospectus of local ship towage company Port Fleet 99 for listing on the Bulgarian Stock Exchange.

Bulgaria's FSC approves Port Fleet 99 listing prospectus
Financial Supervision Commission/All rights reserved.

Port Fleet 99 has a registered capital of 2,008,400 levs ($1.2 million/1 million euro), divided into the same number of shares, the FSC said in a statement on Tuesday.

The company closed 2018 with revenue of 8.1 million levs and a net profit of 291,000 levs, according to its most recent annual financial statement.

Port Fleet 99 engages in harbour towage and manoeuvring of ships, sea towage and cargo handling services.

(1 euro = 1.95583 levs)

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