Sofia-based engineering and waste treatment company Ebioss Energy a.d. said it will seek shareholders’ approval for a capital increase of up to BGN 70 million (EUR 35.76 million), SeeNews reported. The annual meeting, scheduled for June 16, should authorise the board to issue capital by December 12, 2017, the company said in a bourse filing late on Monday.
The company reported a profit of EUR 152,000 for 2015, which is proposed to be used to cover losses from previous years. Ebioss is listed on the Mercado Alternativo Bursátil (MAB), a sub-market of Bolsas y Mercados Espanoles (BME).
The holding, which has eight direct subunits, operates in biomass, valorisation and distribution of waste, engineering, procurement and construction (EPC) as well as operation and maintenance (O&M). It is present throughout Europe, including Romania and Serbia, and in India, with strategic destinations of the United States and Brazil, according to information on its website.