News

Eurohold Bulgaria has increased the equity capital of EIG through the issuance of 28 799 991 new shares

October 17, 2008

The company’s equity capital was increased from BGN 239 462 800 to BGN 268 262 791 through the issuance of new shares.
Eurohold Bulgaria subscribed all 28 799 991 named, dematerialized, freely transferable, unprivileged new shares with nominal value of BGN 1. This is the third Euroins Insurance Group equity capital increase in the current year.

The funds for the capital increase were lent to Eurohold Bulgaria by Accession Mezzanine Capital II (www.mezzmanagement.com) in the form of a non-amortizing mezzanine loan with a term of 7 years.

Mezzanine Management Central Europe II (MMCE) is the exclusive investment manager of AMC II, which is the leading independent mezzanine fund in Central and Eastern Europe with offices in Austria, Hungary, Poland, Romania and the Ukraine. MMCE has around EUR 400 million under management and invested in 27 companies across 8 countries.

The new capital increase will support the regional expansion of EIG.

Share