SOFIA (Bulgaria), November 17 (SeeNews) – Bulgaria’s Euroins Insurance Group (EIG) said on Friday it will acquire a 49% stake in Russian insurer RSO Euroins.
EIG will acquire the stake for 3.6 million euro ($4.2 million) through increasing the capital of RSO Euroins, the Bulgarian insurance group said in a statement.
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The deal is pending regulatory approval.
Euroins Insurance Group (EIG) is part of financial and insurance group Eurohold Bulgaria [BUL:4EH].
($ = 0.8475 euro)
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