Bulgaria's Eurohold extends capital hike subscription to July 7

EuroHold Bulgaria AD

25/06/2021 09:00

SOFIA, June 25 (Reuters) - Bulgaria's Eurohold  EUBG.BB  has
extended the subscription of new shares until July 7 for a
fundraising needed to help it finance the acquisition of the
Bulgarian assets of Czech utility CEZ  CEZP.PR , it said on
Friday.
    Financial and insurance group Eurohold plans to sell 79
million new shares and raise up to 197.5 million levs ($120.7
million).  urn:newsml:reuters.com:*:nL2N2NK0JC
    The company said the eight-day extension was needed to
provide additional time for transaction processing and
settlement to global investment funds that have confirmed their
participation in the capital increase.
    
    ($1 = 1.6365 leva)

 (Reporting by Tsvetelia Tsolova; Editing by Mark Potter and
Edmund Blair)
 ((tsvetelia.tsolova@thomsonreuters.com; +359-2-93-99-731;))