SOFIA (Bulgaria), December 12 (SeeNews) – Bulgarian insurance company Euroins said on Tuesday it has increased its capital to 32.5 million levs ($19.6 million/16.6 million euro) from 16.5 million levs via a new share issue.
The company has issued 16 million shares with a nominal value of 1 lev each, equal to their sale price, Euroins said in a statement.
All new shares were subscribed for by the company’s majority owner – Euroins Insurance Group (EIG). EIG is part of financial and insurance group Eurohold Bulgaria [BUL:4EH].
Following the capital hike, Euroins fully meets the requirements of EU’s Solvency II directive, the statement reads.
In October, Euroins delisted from the Bulgarian Stock Excahnge.
(1 euro = 1.95583 levs)