Phylaxia 1912 Holding board decides on HUF 850 mln capital raise

Music

The board of Phylaxia 1912 Holding decided on a HUF 850 million capital raise at a meeting on April 16, the company said on the website of the Budapest Stock Exchange.

The raise will take place through a HUF 150 million cash contribution and a HUF 700 million apportionment, bringing registered capital to HUF 2.29 billion.

The apportionment involves shares in two companies owned by Wamsler, based in Salgótarján (NE Hungary), that will be swapped for Phylaxia shares.

Phylaxia will issue new shares for the cash part of the raise.

Hungary Signs HUF 6 bln Tied Aid Deal With Kenya Analysis

Hungary Signs HUF 6 bln Tied Aid Deal With Kenya

Moldovan Pensions to be Increased as of April 1 World

Moldovan Pensions to be Increased as of April 1

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic... Appointments

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic...

Hungarian Wine Marketing Agency to Host Summit Drinks

Hungarian Wine Marketing Agency to Host Summit

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.