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RFV plans public share issue

The board of Hungarian energy-efficiency company RFV plans a public issue of new shares based on an August 2008 EGM authorization and on a recent survey on investor interest, the company said.

The board did not reveal the size of the planned issue, revealing only that it will hold a press briefing on the subject jointly with the Budapest Stock Exchange on June 30. RFV announced last summer that it was planning to invest tens of billions of forints in energy-related projects during the next few years.

The investments are to be financed from bank loans, the company's own resources and from a capital raise through the issue of shares, they said. (MTI - Econews)