Shareholders approve delisting of Bulgarian insurer Euroins from BSE

The proposal was approved at an extraordinary meeting of shareholders held on October 2, Euroins said in a filing to the Bulgarian Stock Exchange (BSE).

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].

Euroins has a registered capital of 16.5 million levs distributed in 16.5 million shares with a nominal value of 1 lev each.

(1 euro = 1.95583 levs)