Bulgaria's FSC enters Slantse Stara Zagora Tabac cap hike issue into public co register

Slantse Stara Zagora Tabac increased its capital to 2,827,859 levs ($1.6 million/1.4 million euro) from 1,177,860 levs through the issue, the regulator said in a statement on Thursday.

The company raised some 17.82 million levs through the capital hike, as it placed the shares at a price of 10.8 levs each.

Earlier this year, Slantse Stara Zagora Tabac received shareholders approval to acquire a land plot of between six and eight hectares for up to 12 million levs ($6.9 million/6.1 million euro), where it intends to build a new plant for tobacco products.

(1 euro = 1.95583 levs)