Bulgarian Land Development (BLD) is to raise £15 mln (EUR 22.2. mln) through a placing of 15 million new ordinary shares at £1 each in London. Shareholders are to vote on the board's proposal at an extraordinary meeting on March 14, 2007. The company is planning to use the net proceeds for future investment in accordance with its investment strategy.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
