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Bulgaria's Eurohold extends capital hike subscription to July 7

SOFIA, June 25 (Reuters) - Bulgaria’s Eurohold has extended the subscription of new shares until July 7 for a fundraising needed to help it finance the acquisition of the Bulgarian assets of Czech utility CEZ, it said on Friday.

Financial and insurance group Eurohold plans to sell 79 million new shares and raise up to 197.5 million levs ($120.7 million).

The company said the eight-day extension was needed to provide additional time for transaction processing and settlement to global investment funds that have confirmed their participation in the capital increase.

$1 = 1.6365 leva Reporting by Tsvetelia Tsolova; Editing by Mark Potter and Edmund Blair

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