Bulgarian-based Elektra Holding Plans To List on Spanish Bourse in Nov - Media

SOFIA (Bulgaria), September 9 (SeeNews) – Bulgarian-based Elektra Holding plans to list on the Spanish stock exchange in November, Sofia-based media reported on Thursday.

Elektra Holding is considering going public in Spain because its majority shareholder is a Spanish citizen and because of the well-developed capital market in that country, news daily Pari (www.pari.bg) reported, quoting unnamed company officials.

According to data from Bulgaria’s commercial register, Elektra Holding’s capital amounts to 50,000 levs ($32,433/25,565 euro) divided into as many shares with a par value of 1.0 lev each. Spanish company Luxur Energies owns 49,999 Elektra Holding shares with 1 share held by Kamelia Ruskova.

The company was registered in Bulgaria in October 2009.

Elektra Holding (www.elektraholding.com) said in December it plans to invest 650 million euro ($826.5 million) in renewable energy projects across Bulgaria by 2012. Its core business is development, construction and operation of renewable energy facilities and the sale of the electricity generated thereof.

The company has projects in Spain, Mexico, Romania, Ukraine, Cyprus, Belarus, Greece and Croatia.

($=0.7882 euro)

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