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Dec 02, 2009 16:46 EEST
December 2 (SeeNews) - Croatian sugar refinery Viro said it has secured the approval of its shareholders to raise its core capital by up to 62.4 million kuna ($12.9 million/8.5 million euro) over the next five years.
The shareholders of the company have given the go-ahead to the management to perform the capital increase in one or several instalments, Viro said in a statement filed to the Zagreb Stock Exchange on Tuesday.
The company's core capital totalled 249.6 million kuna at the end of last year, Viro's 2008 annual report indicated.
Viro shares were trading up 0.21% at 415 kuna by 1323 GMT on Wednesday.
(1 euro = 7.311 Croatian kuna)
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