30 April 1998: Portugal“s Atlantis Cristais de Alcobaca is to increase capital from Es 3.75 billion to Es 5 billion. The operation will raise funds to finance the company“s expansion plans.
There w…
30 April 1998: Portugal“s Atlantis Cristais de Alcobaca is to increase capital from Es 3.75 billion to Es 5 billion. The operation will raise funds to finance the company“s expansion plans. There will be a Es 375 million reserves capitalization and a Es 875 million cash injection via a rights issue at Es 1,000 plus a Es 200 issue premium. Atlantis“ capital increase, approved on 27 March, will finance the company“s expansion plans, particularly in its international development, said the company. Atlantis has shops in Barcelona and Chicago and various joint projects with Vista Alegre abroad. The first joint shop will be in Paris.