SOFIA (Bulgaria), December 1 (SeeNews) – Bulgarian insurance company Bulstrad Vienna Insurance Group [BUL:4BI] said it plans to delist from the Bulgarian Stock Exchange.
The company’s majority owner, TBI Bulgaria, plans to ask the Financial Supervision Commission to remove Bulstrad VIG from the public companies register, Bulstrad VIG said in a statement on Thursday.
TBI Bulgaria is a wholly-owned subsidiary of the Vienna Insurance Group (VIG).
Last month, Bulgaria’s financial regulator said it has allowed the publication of a proposal by TBI Bulgaria to buy 10,000 shares in Sofia-based Bulstrad Vienna Insurance Group which it does not already own. TBI Bulgaria is proposing to pay 44.78 levs ($27.1/22.9 euro) for each of the shares it wants to acquire.
(1 euro=1.95583 levs)