You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Allianz Bulgaria Holding wraps up buy of remaining 49% of Allianz Leasing

Author Mario Tanev
Allianz Bulgaria Holding wraps up buy of remaining 49% of Allianz Leasing Photo: Allianz Bulgaria Holding / All rights reserved.

SOFIA (Bulgaria), September 2 (SeeNews) - Allianz Bulgaria Holding said on Monday that it has completed the acquisition of the remaining 49% of Allianz Leasing Bulgaria from Austria-based VHO Holding, becoming the company's sole owner.

The acquisition will strengthen Allianz Bulgaria Holding's position on the local market, the company said in a statement.

The price of the transaction was not disclosed.

Allianz Leasing Bulgaria booked net financial leasing income of 25.6 million levs ($14.4 million/13.1 million euro) in 2018, and closed the year with a net profit of 1.8 million levs. Allianz Leasing Bulgaria has 16 branches across the country and employs 22 people. 

The leasing company has assets of 44 million levs.

(1 euro = 1.95583 levs)

 

 

Compare