Bulgaria's Konstantin i Elena Holding gets nod to raise capital

The new ordinary voting shares with a par value of 1 lev each will be issued at a price of 22 levs ($12.2/11.2 euro) apiece, the financial regulator said in a decision published on Tuesday.

The regulator entered the share issue subject to an initial public offering into the register of public companies and other issuers of securities, it said.

Konstantin i Elena's equity capital is currently divided into some 2.31 million shares with a nominal value of 1 lev apiece, commercial register data show.

Shares in Konstantin i Elena last traded on Tuesday when they closed at 22 levs on the Bulgarian Stock Exchange, bourse data show.

(1 euro = 1.95583 levs)