The company currently has a share capital of RON265.9 million.
The capital raise will entail the issuing of 198.6 million shares with a face value of RON0.1 a share, to be offered for subscription to existing shareholders, in direct proportion to their stakes. Shares left unsubscribed at the end of one month will be canceled.
Asirom raised its share capital twice in the past 12 months, by a total RON138.5 million.
The Romanian company is part of Austria’s Vienna Insurance Group, which owns 86.2%, while Austrian LVP Holding GmbH owns 13.2%.
Asirom was the seventh largest insurer in Romania by 2013 underwritings, with revenues of RON544.1 million.
VIG also owns insurers Omniasig and BCR Asigurari de Viata in Romania.