Romania’s Bogaris Retail Cinco Raises Capital by 47.6 Mln Lei (11.2 Mln Euro)

BUCHAREST (Romania), January 20 (SeeNews) – Romania's Bogaris Retail Cinco has raised its capital by 47.6 million lei ($15 million/11.2 million euro) by increasing the nominal value of its shares, local daily Ziarul Financiar reported on Thursday.

The company's capital before the hike was 100,000 euro ($134,600), the daily said.

Bogaris Retail Cinco, a unit of Spanish real state, energy and agriculture developer Bogaris, has raised the nominal value of its shares to 1,200 lei from 10 lei, Ziarul Financiar (www.zf.ro) added.

The Bogaris group plans to invest about 400 million euro in three wind parks in Romania, the daily added.

(1 euro = 4.2626 Romanian lei)

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