Equest Investments Bulgaria Limited (EIBL), an Irish-listed investment company focusing on the Balkan region, is to seek admission of its ordinary shares to trading on the Alternative Investments Market (AIM) of the London Stock Exchange. The company expects to be admitted by the end of December and to raise up to EUR 100 mln in equity.
Equest Investments Bulgaria Limited (EIBL), an Irish-listed investment company focusing on the Balkan region, is to seek admission of its ordinary shares to trading on the Alternative Investments Market (AIM) of the London Stock Exchange. The company expects to be admitted by the end of December and to raise up to EUR 100 mln in equity.
EIBL has to date invested over EUR 130 mln in companies, primarily in Bulgaria. Its holdings include Immofiance, a Bulgarian residential and second home developer, Pelican Retail Holding, a development company for retail centres, and Vitosha Investments, the fifth largest insurance company in Bulgaria.
On 1 November, EIBL announced that its wholly-owned subsidiary Axis Retail had acquired a 51% stake in Lynx Property, whcih in turn owns 100% of subsidiaries trading as Technomarket. The Technomarket Group is Bulgaria's largest wholesaler and retailer of consumer and home appliances.
