SOFIA (Bulgaria), June 21 (SeeNews) – Bulgaria’s financial regulator said on Wednesday it has granted approval to insurance company Saglasie to acquire 100% of Sofia-based Tokuda Health Insurance.
Saglasie will pay 3.06 million euro ($3.4 million) for the 511,112 shares of Tokuda Health Insurance, the Financial Supervision Commission said in a statement.
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Tokuda Health Insurance is a wholly owned subsidiary of Japan’s Tokushukai. The company has a registered capital of 4.6 million levs ($2.6 million/2.3 million euro), according to the Bulgarian commercial register.
(1 euro=1.95583 levs)