The ASF authorized “the approval of EBRD’s acquisition project, which will enable the bank to get an indirect qualifying holding in Euroins Romania Asigurare Reasigurare,” the ASF said in a release.
Following this approval, EBRD will pay EUR42 million in all. EBRD signed an agreement with Eurohold (owner of Euroins) to get a minority stake of 10% as early as September 2021.
“This acquisition process worth a total of EUR42 million between Eurohold and EBRD started in September 2021. It confirms the continued confidence of EBRD in the soundness of the company and the professionalism of its management,” Euroins Romania officials said.
(English version by Loredana Fratila-Cristescu)