Alfa Communications, April 30, 2021

ЕuroholdBulgaria’s Financial Supervision Commission (FSC) approved Еurohold’s capital increase prospectus, which will allow the largest Bulgarian public holding and one of the leading independent financial and insurance groups in the CEE/SEE/CIS region to raise up to EUR 100 million by issuing new shares on the Bulgarian Stock Exchange (BSE). 

Еurohold will offer for subscription 79 million new ordinary shares at an issue price of BGN 2.5 each. The raised funds will be used by Еurohold 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. Еurohold has appointed Renaissance Capital solely in capacity of a financial adviser in relation with the offering. 

 

Eurohold Bulgaria AD

 

Eurohold Bulgaria is a leading independent business group in the CEE/SEE/CIS region and the largest public holding in Bulgaria by revenues. It operates in the field of insurance, leasing, car sales, asset management and investment services. It is listed on the BSE and the WSE. It owns Euroins Insurance Group (EIG), one of the largest independent insurance groups in the CEE/SEE/CIS region, which operates in 11 countries and owns subsidiaries in Bulgaria, Romania, North Macedonia, Ukraine, Georgia, Russia and Belarus. EIG also operates in Greece and Poland, and has niche insurance operations in Spain and Italy. Currently the insurance group has more than 4 million clients and over 3000 employees.

www.eurohold.bg