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Romanian businessman sells 30.5% of insurer Asirom for 46.79 million euro

Marţi, 24 iulie 2007, 0:00

Romanian businessman Ioan Niculae sold on the Deal segment of the Rasdaq market a stake of 30,5% of Romanian insurer Asirom to Austrian company Vienna Insurance Group on Tuesday. The total value of the transaction was 46.79 million euro.

The shares at the transaction were sold at 0.75 Romanian RON each, 25% percent less than the Monday quotation.

The deal included a provision by which the Austrian company would not have control over the company, but would be involved in its development, Niculae said, quoted by Romanian news agency NewsIn.

Asirom is valued on the market at 153 million euro. Last year, the profit of the company amounted to 14 million Romanian RON and the total loses were 36 million Romanian RON.

In Romania, Vienna Insurance Group controls Omniasig, where it holds 97,78%, and Unita with 99,99%.

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