CORRECTED - Romania's Anti-Trust Body Endorses Sale of Owner of Euroins Romania Asigurare-Reasigurare to Basildon Holding, Eurohold Bulgaria

The deal does not lead to consolidation or to establishment of a dominant position on the relevant markets and does not harm the competition environment in Romania, the regulator said.

Basildon Holding is owned by private equity investment company Global Finance. Earlier this year Global Finance bought for 26 million euro ($35.4 million) an undisclosed minority stake in EuroIns Insurance Group, part of financial and industrial group Eurohold Bulgaria.

Financial and industrial group Eurohold Bulgaria operates in financial services, car dealing, manufacturing and high technology. In Romania, it owns directly car leasing company Eurolease Auto IFN and indirectly, through EIG, the insurer Euroins Romania Asigurare-Reasigurare.

Shares of Bulgarian blue-chip insurer Euroins, in which EIG holds 70% closed at four levs ($2.8/2.0 euro) on the stock exchange in Sofia on Monday, up 2.6% from Friday.

($ = 0.7342 euro)