News

The newly raised BGN 25.9 will be used for financing of the existing investee companies of Advance Equity, as well as for investments in new ventures.

The company owns in total 20 000 ha of agricultural land. The average acquisition price for the month is 2 500 BGN/ha or 1 278 EUR/ha. 55% of the acquired land, or about 11 000 ha are rented out.

Karoll Capital Management received an official permit to distribute the shares of Advance Invest Mutual Fund in the Republic of Austria.

The Fund, managed by Karoll Capital Management, is the first in Bulgaria, which invests on the emerging markets of Eastern Europe – Russia, Romania, Ukraine, Croatia, Serbia and Bulgaria.

Advance Terrafund REIT has taken an 8 million BGN (EUR 4.06million) credit from ING Bank , The Netherlands, via its branch in Sofia.