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Procon Solar - Bulgaria to cut capital, reduce activities

Author: Bulgarian Photovoltaic Association / All rights reserved.

SOFIA (Bulgaria), April 19 (SeeNews) - Procon Solar - Bulgaria said that its sole owner - German photovoltaic power developer Procon, has decided to decrease the Bulgarian company's capital by 954,150 levs ($548,610/487,850 euro) to 100,000 levs.

The reason for the capital decrease is the forthcoming reduction in the company's activities, Procon Solar - Bulgaria said in a notice earlier this week.

Germany's Procon took the decision on April 11.

The capital decrease has not yet been entered into the commercial register.

(1 euro = 1.95583 levs)

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