Euroins to add EUR 4.5 million to its capital
September 20 2013
Euroins Insurance Group, the major shareholder of Euroins Romania plans to increase its capital for the seventh time in the last six years..
The final decisions is going to be taken during an extraordinary meeting with all shareholders on October 21st .
'The decision of increasing the Euroins Romania capital reflects the shareholders long-time strategy. Since the sales volume has grown, the requirements related to the company's capital must also be respected. The company is committed to become stronger on the RCA segment, to continue developing its non-automotive portfolio and consolidate its position among the leaders in the insurers market in Romania.', says Kiril Boshov, Euroins Insurance Group Chairman of the Board Directors.
The total amount Euroins Insurance Group has invested in capital increases since 2007 when it took over the company is about EUR25 million.
The final decisions is going to be taken during an extraordinary meeting with all shareholders on October 21st .
'The decision of increasing the Euroins Romania capital reflects the shareholders long-time strategy. Since the sales volume has grown, the requirements related to the company's capital must also be respected. The company is committed to become stronger on the RCA segment, to continue developing its non-automotive portfolio and consolidate its position among the leaders in the insurers market in Romania.', says Kiril Boshov, Euroins Insurance Group Chairman of the Board Directors.
The total amount Euroins Insurance Group has invested in capital increases since 2007 when it took over the company is about EUR25 million.
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