Lakprom, one of the companies in the portfolio of Bulgaria's Synergon Holding, will raise its capital to BGN 2 million. The decision is expected to be approved by a general shareholders' meeting on February 15, 2006. Lakprom is not a public company. Synergon Holding holds 77.44% of the shares. The capital will be raised under condition that the new shares will be subscribed by the holding only. If the proposal is approved, Synergon's stake in Lakprom will increase to 97.83%. Other shareholders in the company currently include the ministry of economy and energy (5.32%) and natural persons (18%). Lakprom's capital amounts to BGN 192,169, distributed in registered shares with a BGN 1 par value. Lakprom is one of the biggest paint and varnish maker in Bulgaria. It was established more than 80 years ago. During the mass privatisation process, it was acquired by Petrol Holding Group, now Synergon Holding.