Elefant.ro increases share capital

Newsroom 28/08/2014 | 17:02

Universal Online Promotion, the company that runs the Elefant.ro online bookstore, has announced that it increased its share capital from RON 900,000 to RON 15,783,300 (EUR 3.5 million).

“The share capital growth comes at a moment of very rapid growth for Elefant.ro, and proves the unconditional support that this project enjoys among shareholders. This step is also preparing Elefant.ro for several years in which the business will have an average growth of over 100 percent, and guarantees to both buyers and business partners that this is a sound project,” said Dan Vidrascu, CEO at Elefant.ro.

After this increase, Elefant.ro is among the online stores that has the largest share capital of EUR 3.5 million.