Bulgaria's Central Department Store company, owner of the retail and office building of the same name in central Sofia, said that it is planning to raise some 6.4 million levs ($3.6 million/3.3 million euro) through a capital increase.

All new 6,385,989 shares will be offered for subscription at a price of 1 lev apiece to local company Bulinvest Com, Central Department Store said last week in an invitation for a shareholders' meeting. The shareholders of Central Department Store will vote on the company's proposal at a meeting scheduled for October.

Central Department Store closed 2018 with a net profit of 284,000 levs on revenue of 4.8 million levs, according to the company's annual financial statement.