Financial Supervision Commission Archives

Gradus IPO prospectus is approved, launch expected mid-June

29 May 2018

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.

Sopharma posted 13% y/y rise in top line for FY2017

10 January 2018

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.

ELANA Agrocredit receives permission to proceed with a capital raise

28 December 2017

On 22th December 2017, the Bulgarian Financial Commission gave permission to ELANA Agrocredit to proceed with its placement of 18.9 million new ordinary common shares at BGN 1.10 per share.

Mareshki, leader of Bulgarian nationalists’ party, lists a pharma company Pharmhold

30 March 2017

Veselin Mareshki, leader of the Bulgarian nationalists’ party, lists Pharmhold (2PH BU), according to a notice by the Bulgarian Stock Exchange. Mareshki road to listing The Company has been aiming to list since 2015. Finally it received the right to apply for listing after battling the regulator’s denial to approve it as a public company… Read more

Medica and Sopharma signed a revised merger agreement

24 March 2017

Leading generic pharma producer Sopharma (3JR BU) and medical consumables producer Medica (5MA BU) signed a revised merger agreement, according to a regulatory filing with the stock exchange. Medica shareholders are getting 0.8831 Sopharma shares The revised agreement followed recommendations from the Financial Supervision Commission (FSC) based on the initial agreement filed for approval. Both… Read more

Financial Supervision Commission proposes introduction of semiannual dividends

6 March 2017

Bulgarian Stock Exchange-listed to pay semiannual dividends, according to latest statutory changes proposed by the Financial Supervision Commission. The changes to the Public Offering of Securities Act have been published for public consultation. They entail listed companies to be able to distribute semiannual dividends if the latter has been stipulated in the company’s incorporation documents… Read more

Asset Review: Bulgarian insurance companies and pension funds are stable

3 February 2017

The Insurance Balance Sheet Review and Pension Funds Asset Review of the Bulgarian insurance and pensions sector showed stability, this was announced at the presentation of reports at a press conference on 3 February 2017 given jointly by the Bulgarian Financial Supervision Commission and the European Insurance and Occupational Pensions Authority (EIOPA). The Insurance Balance… Read more