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Euroins delists from Bulgarian Stock Exchange

Author Mario Tanev
Euroins delists from Bulgarian Stock Exchange Eurohold/All rights reserved.

SOFIA (Bulgaria), October 23 (SeeNews) – Bulgaria’s financial regulator said it has delisted insurance company Euroins [BUL:5IC] from its register of public companies and, thus, from the Sofia bourse.

Last week, the Financial Supervision Commission (FSC) said it has sent back for correction the documents submitted by Euroins related to its request to be delisted from the Bulgarian Stock Exchange.

On October 2, Euroins’ shareholders approved a proposal to delist the insurance company from the stock exchange in Sofia.

In August, the company’s majority owner Euroins Insurance Group (EIG) acquired 796,316 Euroins shares in a takeover bid priced at 1.3 levs ($0.78/0.66 euro) apiece.

As at October 2, EIG held directly 15.63 million Euroins shares, representing a 94.9% stake in the company.

EIG is a subsidiary of holding company Eurohold Bulgaria [BUL:4EH].

(1 euro=1.95583 levs)