Bulgaria's Financial Supervision Commission (FSC) approved urohold's capital increase prospectus, which will allow the Bulgarian holding to raise up to EUR 100 million by issuing new shares on the Bulgarian Stock Exchange (BSE).

In mid-April, Eurohold's shareholders approved capital increase, as xprimm announced here.

Eurohold is planning to offer for subscription 79 million new shares with a nominal value of BGN 1 and issue price of BGN 2.50 per share. The Bulgarian holding mentioned "the raised funds will be used to finance the acquisition of CEZ Group's subsidiaries in Bulgaria and to invest in the development of the group's two main businesses - energy and insurance".

The Bulgarian investment intermediary Euro-Finance AD will be the lead manager of the public offering. urohold has appointed Renaissance Capital solely in capacity of a financial adviser in relation with the offering.