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SOFIA (Bulgaria), September 24 (SeeNews) - Bulgarian diversified group Sila Holding [BUL:6S5] has increased its stake in local Slantse Stara Zagora Tabac [BUL:3JO] to 84.07% from 61.74%, the tobacco products maker said on Tuesday.
Currently, Sila Holding owns 2,377,253 shares in the company, Slantse Stara Zagora Tabac said in a statement.
Earlier in September, 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 issuance of 1,649,999 shares. 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.
In May, 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)