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Dec 29, 2017 17:12 EEST
December 29 (SeeNews) - Financial and insurance group Eurohold Bulgaria [BUL:4EH] said on Friday the stake held by investment fund KJK Fund II SICAV-SIF in the company has decreased following the holding company's recent capital hike.
The investment fund's stake in Eurohold now stands at 12.46% compared to 15.26% before the capital increase, the Sofia-based company said in a bourse filing.
Last week, Eurohold said it increased its capital to 197.5 million levs ($121.1 million/101.0 million euro) from 161.3 million levs via a new share issue. The holding company raised 47.0 million levs through the capital hike.
Earlier this month, KJK Fund II SICAV-SIF acquired 2.3 million Eurohold Bulgaria shares at a weighted average price of 1.3 levs apiece, boosting its stake to 15.26% from 12.69%.
KJK Fund II SICAV-SIF, launched in 2012, is a specialised investment vehicle designated for investments in the Balkan region focusing on both listed and private equity assets. The fund is managed by Luxembourg-registered KJK Management.
Eurohold Bulgaria's portfolio includes companies in the financial services, leasing, insurance and car sales sectors.
(1 euro=1.95583 levs)
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