The Financial Supervision Commission (FSC) approved poultry producer Gradus’ IPO prospectus, the FSC announced in a filing. The IPO is expected in mid-June. The Company seeks to raise more than BGN 100 million by placing a total of 55.6 million shares, 50% of which existing and 50% new shares.
The leading pharma producer Sopharma posted 13% y/y growth of its revenues for FY2017, the Company announced in its regular monthly bulletin. Overall for 2017, the group increased its domestic sales by 3% and its export advanced by 21% y/y as Russian and Ukrainian markets began to recover.