Rodna Zemya Holding cap hike share issue starts trading on Sofia bourse

Rodna Zemya Holding increased its capital to some 56 million levs ($31.6 million/28.6 million euro) from 36 million levs through the share issue, BSE data showed.

The company raised nearly 36 million levs through the issue, as it placed the shares at a price of 1.8 levs each.

Rodna Zemya Holding shares last traded on the Bulgarian Stock Exchange at a price of 2 levs each.

Earlier this month, Rodna Zemya Holding said that it has completed the acquisition of 100% of Sofia-headquartered HIT Hypermarket from Germany-based HIT Bulgarien.

(1 euro = 1.95583 levs)