Croatian cement producer Nasicecement, part of local construction materials group Nexe, plans to hike its share capital to 577.73m Croatian kuna (EUR78.9m), from 257.73m kuna (EUR35.2m).
The shareholders will vote for the capital hike at an extraordinary meeting convened on October 15, 2007.
The capital hike will be carried out by issuing 800,000 new shares with a par of 400 kuna ($74.3/54.6 euro) each.
Nexe is to subscribe all the newly issued shares.
After the hike the capital will be made up of 1,444,329 shares.