According to the general stockholders’ meeting summoner, it is not stipulated neither the stake bought back nor the price.
On the Bucharest Stock Exchange August 2, Astra Asigurari shares were traded for 8.5 lei/share.
Astra Asigurari was set up in 1991 and has a share capital of RON192.71 million, controlled by The Nova Group Investments Romania (72.68%), Epsilon Estate Provider (27.02%) and other shareholders (0.3%).
The Nova Group Investments Romania and Epsilon Estate Provider are indirectly controlled by businessman Dan Adamescu.
In 2011, Astra was market leader regarding underwritten premiums.
The company’s revenues from underwritten premiums dropped 7.5% in January-June, to RON516.7 million.
Considering results in the first half of 2012, the insurer was outranked by Omniasig (former BCR Asigurari), which registered RON548.9 million in underwritten premiums.