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Bulgarian property fund Active Properties to raise capital |
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Special Purpose Vehicle Activ Properties will raise its capital from 650,000 to 5.2 mln levs through the issue of 4.55 mln new shares each with an issue value of 1.10 levs, said the Bulgarian stock exchange.
Activ Properties, registered in Jan '05, is 23%-owned by open-end investment company Advance Invest with close to 60% held by PT Holding Plc. The SPV owns a showroom on Sofia's Tsarigradsko Shose boulevard and a 3,100 sq m land plot in Plovdiv. |
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