Imoti Direct REIT, 70%-owned by the Bulgarian-American Credit Bank (BACB), has received approval by the Financial Supervision Commission (FSC) to launch its planned BGN 18.9m capital increase. The REIT plans to issue 1 890 000 new shares with nominal value and issue price of BGN 10 each. The REIT’s current share capital is BGN 2.1m, divided into 210k shares with nominal value of BGN 10 per share.