45.2% of Eurohold Bulgaria capital increase rights bought during auction for unused rights (NEUTRAL)
22.06.2021
Source: Eurohold Bulgaria; FFBH
During the auction, held on 21 June, 89.4m of the 98.5m unused capital increase rights of Eurohold Bulgaria (EUBG) have been bought. The amount constitutes 45.2% of the total issue in addition to the 51.6% already subscribed during the rights trading period. Based on EUBG procedure the end date for the subscription of the rights bought in the auction is June 25.
Please, recall the Eurohold Bulgaria is issuing up to 79m new shares at BGN 2.50 each to finance the acquisition of CEZ Group’s assets in Bulgaria and to invest in the development of the group's two main businesses - energy and insurance.