Bulgaria's Asenova Krepost to Seek to Raise 9.7 Mln Euro in Cap Hike

Bulgaria's Asenova Krepost to Seek to Raise 9.7 Mln Euro in Cap Hike

Bulgarian polymer packaging producer Asenova Krepost  said on Friday that it will seek to raise 18.9 million levs ($11 million/9.7 million euro) in a capital increase via a new share issue. Asenova Krepost is planning to offer 1.75 million shares with a nominal value of 3 levs each at a price of 10.8 levs apiece, the company said in a statement. If all offered shares are subscribed for, the company will increase its capital to 12.9 million levs from 7.6 million levs. Asenova Krepost shares last traded on the Bulgarian Stock Exchange at a price of 10.9 levs.

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