December 21 (SeeNews) - Bulgaria's financial regulator said that it approved the initial public offering (IPO) prospectus of local hospital Hygia, which will seek to raise 6.5 million levs ($3.8 million/3.3 million euro) through the issuance of 1.3 million new shares.
If the issue is fully subscribed, Hygia will increase its capital to 3.3 million levs from 2.0 million levs, the Financial Supervision Commission said in a statement late on Thursday.
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Pazardzhik-based Hygia booked a slim consolidated net profit of 35,000 levs in 2017, slightly down from 39,000 levs the year before.
The hospital's revenue increased to 10.5 million levs last year from 10.0 million levs in 2016.
(1 euro = 1.95583 levs)