Cosmetics company Aroma to triple capital

Published: 15-Jan-2008

Bulgaria's biggest cosmetics manufacturer Aroma, will seek shareholder approval at a general meeting in February to triple its capital to BGN15.5m.

Bulgaria's biggest cosmetics manufacturer Aroma, will seek shareholder approval at a general meeting in February to triple its capital to BGN15.5m.

The company plans to issue 10.3m new shares with a nominal value of 1 lev (approx $0.75). Each existing shareholder will complementary be issued free two new for every old share held. Aroma generates 70% of its sales abroad where it does business in 56 countries.

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