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Bulgaria's Saglasie Insurance gets shareholders nod for cap hike

Author Mario Tanev
Bulgaria's Saglasie Insurance gets shareholders nod for cap hike wrangler/Shutterstock.com

SOFIA (Bulgaria), August 20 (SeeNews) - Bulgaria's Saglasie Insurance said that its shareholders have approved the company's plans to increase its capital by 2 million levs ($1.2 million/1.0 million euro) to 9 million levs.

Saglasie Insurance will offer to existing shareholders 2 million shares for subscription at a price of 1 levs apiece, the company said in a commercial register filing last week.

The capital increase will only be considered successful if it is fully subscribed.

(1 euro = 1.95583 levs)

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