Euroins Romania increases its share capital by 45 million lei
The Bulgarian group Eurohold capitalizes Euroins Romania with almost 45 million lei.
The share capital of Euroins Romania will reach the level of 561.96 million lei.
The Bulgarian group Eurohold decided to capitalize Euroins Romania, the insurance market leader, with44.7 million lei, amount derived from the compensation of two subordinated loans in the total amount of 9.061 million euros, granted to the Romanian insurer during the year 2021.
The share capital of Euroins Romania thus reaches the level of 561.96 million lei.
The share capital is increased by issuing new shares at an issue price of 10 lei per newly issued share, of which the nominal value per share is 1 lei and the issue premium per share is 9 lei. The total issue price is 44,700,000 lei, of which the total nominal value by which the company’s capital is increased is 4,470,000 lei and the total issue premium of 40,230,000 lei for all newly issued shares.
Under these conditions, Euroins Insurance Group AD Bulgaria owns 98.58% of the share capital of Euroins Romania, the difference going to the natural person shareholders 1.404% and the legal person shareholders 0.014%.
In recent years, Euroins Romania has benefited from several rounds of capitalization which significantly strengthened the insurance company’s position in the market and which went in parallel with the strategy of reducing exposure on the RCA market and diversifying the product portfolio. These changes indicate the long-term commitment of shareholders and investors to Euroins Romania and to the insurance market in Romania.
Euroins Romania is the leader of the insurance market, with a market share of 19.2%.
About Euroins Insurance Group (EIG)
Euroins Insurance Group AD (EIG) is one of the most important insurance groups operating in Central, Eastern and South-Eastern Europe. Euroins Insurance Group offers a full range of insurance products, serves more than 4 million customers in 14 countries and has more than 3,000 employees. EIG is part of Eurohold Bulgaria AD, a large financial and energy group operating in the region and active in electricity distribution, supply and trading, insurance, leasing, car sales, investment services and asset management. Eurohold is listed on the Bulgarian and Warsaw Stock Exchanges. In 2021, Eurohold acquired through its unit Eastern European Electric Company the subsidiaries of the Czech energy company CEZ Group in Bulgaria, which have more than 3.
www.euroins.ro;www.eig.bg;www.eurohold.bg
