November 13 (SeeNews) - Bulgaria’s Financial Supervision Commission said it has granted approval to local insurance company Saglasie to absorb Sofia-based Tokuda Health Insurance.
The regulator provided no further details in a statement on its website.
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In June, the financial regulator granted approval to Saglasie to acquire 100% of Tokuda Health Insurance for 3.06 million euro ($3.6 million).
Tokuda Health Insurance has a registered capital of 4.6 million levs, according to data from the Bulgarian commercial register.
($ = 0.8580 euro)