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Bulgaria's Super Borovets Property Fund raises 8.2 mln euro in cap hike

Nov 28, 2019, 2:17:29 PMArticle by Mario Tanev
share
November 28 (SeeNews) - Bulgaria's Super Borovets Property Fund REIT [BUL:6SB] said on Thursday that it has raised some 16 million levs ($9.2 million/8.2 million euro) in a capital increase via a new share issue.

Bulgaria's Super Borovets Property Fund raises 8.2 mln euro in cap hike
Author: Ken Teegardin. Licence: Creative Commons.

The real estate investment trust placed 7,199,996 million shares at a price of 2.22 levs apiece, Super Borovets Property Fund REIT said in a bourse filing.

Super Borovets Property Fund REIT increased its capital to some 23.38 million levs from 16.18 million levs via the new issue.

The company's shares last traded on the Bulgarian Stock Exchange on Monday, when they closed at 2.46 levs.

(1 euro = 1.95583 levs)

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