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Romanian stock indices turn green, MedLife shines
Oct 24, 2007 14:37 EEST
October 24 (SeeNews) - Romania's competition regulator said on Wednesday it gave the green light to Austria’s Vienna Insurance Group to buy Romanian insurer Asirom.
The competition council said in a statement the deal would not harm the competition environment in Romania.
In July Vienna Insurance Group signed a contract to buy a majority stake in Asirom for an undisclosed price
Asirom is listed on the over-the-counter market RASDAQ, where its shares last traded at 0.81 lei per share, down 2.41% at 0641 GMT.
Vienna Insurance Group is represented in Romania by Omniasig Life and Non-Life, Unita and agricultural insurer Agras.
The Romanian insurance market rose some 30% in 2006 to 1.6 billion euro ($2.3 billion).
($ = 0.703 euro)
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