March 6 (SeeNews) - Bulgaria's Prista Oil Holding completed the capital increase of its subsidiary Prista Invest 2016 on March 1, hiking the company's registered capital by 12.2 million levs ($7.1 million/6.2 million euro) to 15.5 million levs, commercial register data showed.
Prista Oil Holding subscribed for 12.227 million Prista Invest 2016 shares at a price of 1 lev each, equal to their nominal value, according to commercial register data.
In November last year, Prista Oil Holding increased the capital of Prista Invest 2016 to 3.3 million levs from 100,000 levs.
Prista Oil Holding engages in the production and distribution of motor and industrial oils, lubricants and special fluids.
Prista Invest 2016 was established in 2016 with the purpose of acquiring a 30% stake in Dutch-registered Prista Oil Group, which is the sole owner of Bulgaria's Prista Oil Holding. Prista Invest 2016 acquired the 30% stake in Prista Oil Group from the European Bank for Reconstruction and Development (EBRD) and private equity fund ADM Capital through part of the proceeds of a 50.34 million euro loan from Sofia-based lender UniCredit Bulbank.
(1 euro = 1.95583 levs)