BANJA LUKA (Bosnia and Herzegovina), February 9 (SeeNews) – A total of 6,000 shares of the Bosnian subsidiary of insurer Merkur International Holding AG changed hands for 25.4 million marka ($15.9 million/13 million euro) on the Sarajevo bourse on Friday, bourse data shows.
The shares were sold in a single over-the-counter transaction, the bouse said without disclosing further details.
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In October, the Vienna Insurance Group (VIG) said it signed a deal to fully acquire the Bosnian subsidiary of Merkur for an undisclosed sum.
Sarajevo-headquartered Merkur Osiguranje was set up in 2003. Its product portfolio includes mainly life insurance policies sold through financial intermediaries such as banks and insurance brokers.
Overall, it has a 4.4% market share in Bosnia-Herzegovina, but accounts for about 21% of the life insurance market.
(1 euro=1.95583 marka)