VIG owns directly 12.83% in BULGARIAN unit BULSTRAD after merger

22 November 2012 —
Bulgarian non-life insurer BULSTRAD said Austria's VIENNA Insurance Group (VIG) became the direct owner of a 12.83% stake in the company following a merger, while VIG's fully owned subsidiary TBI Bulgaria lowered its stake to 85.18%.

Earlier this month, the Austrian company merged its Bulgarian non-life insurance companies BULSTRAD and BULGARSKI IMOTI in a bid to strengthen its market presence. BULSTRAD absorbed BULGARSKI IMOTI and its capital was increased by 14.7%.

Read the full story on www.limun.hr.
VIG owns directly 12.83% in BULGARIAN unit BULSTRAD after merger
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