- By country
- By industry
- By topic
- Top 100
SOFIA (Bulgaria), October 14 (SeeNews) - Bulgarian real estate developer Capital Fort is planning to hike its capital by 40 million levs ($22.5 million/20.5 million euro) to 41.6 million levs via a new share issue, according to competition regulator data, published on Monday.
Following the increase, local Fort Knox will control a 95.18% stake in Capital Fort, while British Virgin Islands-registered Balkan Business Buildings will own the remaining 4.82%, the Commission for Protection of Competition said in a statement.
The capital increase does not need anti-trust clearance as both Fort Knox and Balkan Business Buildings are currently shareholders in Capital Fort, the regulator said.
(1 euro = 1.95583 levs)