"Fidelinka" increased capital by 505m RSD

Subotica-based "Fidelinka" has increased its capital by 505m RSD after the third issue of stocks, during which nearly two thirds of 200,000 offered stocks were sold, mainly to existing majority stockholders. In that way, the number of stocks was increased to nearly 1.5m.

People in "Fidelinka" expect increase in price of stock as a consequence of the growth of sales, profit and expansion on the regional market. Major share of the money from additional capitalization will be used for development of baking industry.

The largest stockholders of "Fidelinka" are "Mowbray Systems", "Alysun marketing", "Mineco" and Bank Austria Creditanstalt, which own three quarters of the company's capital.