Austrian investment fund Do-Fi South-East Holding, the company’s majority holder, subscribed 5.22 million new shares in Cord Buzau, increasing its stake to 96.01% from 94.7%.
In July, Cord Buzau said it would increase its capital by RON32.7 million to over RON72 million. The company had planned to issue 13.08 million new shares with a face value of RON2.5.
On Rasdaq market September 19, Cord Buzau’s shares almost doubled to RON3.3. (EUR1=RON4.2984)