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Bulgaria’s Intercapital Property Development REIT wraps up cap hike

Oct 14, 2020, 10:15:32 AMArticle by Mario Tanev
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October 14 (SeeNews) - Bulgaria’s Intercapital Property Development REIT [BUL:4IC] said that its 21.755 million levs ($13.1 million/11.1 million euro) capital increase has been successfully entered into the commercial register.

Bulgaria’s Intercapital Property Development REIT wraps up cap hike
wrangler/Shutterstock.com

Following the increase, Intercapital Property Development REIT's registered capital amounts to 27,766,476 levs, the company said in a bourse filing on Tuesday.

The funds will be used for the reconstruction and expansion of the company's investment property in the town of Aheloy, on Bulgaria's Black Sea coast, the company said previously.

(1 euro = 1.95583 levs)

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