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Phylaxia 1912 Holding board decides on HUF 850 mln capital raise

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.