UniCredit Bulbank was chosen for leading manager of Sparki Eltos IPOs.

The decision of Sparky Eltos AD's management board was confirmed by its Supervisory Board on 9 August 2007.

Sparly Eltos intends to increase capital by issuing 2 800 000 new common, registered, paperless shares with a face value of BGN 1 and issue value of BGN 16.

The funds raised through the new emission will also provide financing to Sparky Eltos's 4-year investment strategy which requires some BGN 25 mln. If the company raises the necessary amount, it will be able to implement the investmenmt program within 15-18 months.

The company increases capital in order to raise funds for modernization and automation of production, to increase production capacity, to purchase new equipment, ensure environmental sustainability, and reduce leverage.

UniCredit Bulbank is the strongest financial institution on the capital market according to the ranking of specialized international financial magazine Euromoney. The specialized magazine determined UniCrdit Bulbank as “The best investment bank in Bulgaria for 2007”. UniCredit is also awarded with the prize “Best bank of Bulgaria 2007”. According to Bulgarian Stock Exchange, UniCredit Bulbank takes leading position with turnover of BGN 258 mln . The bank is also an undisputable leader during H1 2007 with 27% of the total turnover of BSE.