Telematic Interactive Bulgaria invests 960,000 euro in Peruvian arm

Following the capital hike, Telematic Interactive Bulgaria has maintained a 99.99% stake in TIB Consult, the betting operator said in a bourse filing on Wednesday.

TIB Consult SAC raised its capital to finance the development of its operations, including payments related to its online betting activity in Peru and payroll and marketing costs.

Last February, Telematic Interactive increased TIB Consult's capital by purchasing 400,000 new shares for roughly 94,300 euro ($101,618).

As of 1055 CET on Thursday, shares in Telematic Interactive traded 1.39% higher at 14.60 levs on the Bulgarian Stock Exchange.

(1 euro = 1.9558 levs)