AXA capitalizes its Romanian subsidiary by over RON 90 mln before sale

Georgiana Bendre 19/05/2017 | 16:52

French company AXA injected over RON 90 million its Romanian subsidiary, an operation approved by shareholders before closing the sale to BCR Life and Omniasig, subsidiaries of the Austrian group Vienna Insurance Group (VIG), according to profit.ro.

Out of the total, RON 61.74 million represent the nominal value of the newly issued shares during the operation (over 617 million shares), the difference being allocated to the capital premiums, RON 0.04642/share. As a result of the operation, the social capital of the Romanian insurer climbed by RON 61.74 million, to RON 156.96 million.

VIG and AXA made several common transactions in Central and South-Eastern Europe. Most recently, VIG took over the French businesses from Hungary and Czech Republic.

 

BR Magazine | Latest Issue

Download PDF: Business Review Magazine June 2024 Issue

The June 2024 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “VTEX secures landmark partnership with major German retailer”. To
Georgiana Bendre | 06/06/2024 | 16:28
Advertisement Advertisement
Close ×

We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

Accept & continue