The Financial Supervision Commission (FSC) has approved Industrial Holding Bulgaria’s planned capital increase in which the company aims to raise BGN 10m. The company plans to issue 9 713 679 shares with a nominal value of BGN 1.00 and issue price of BGN 1.03 each, thus raising its share capital by BGN 9.7m to BGN 68m. The proceeds will be used for financing the building of a new a €12.1m river passenger ship for Dunav Tours, in which IHB holds 48.5%, the building of ship with hull No. 102 for IHB’s marine transportation business and for the investment project at Port Burgas.