Prior to the transaction, Adamescu held a 72.68% stake in Astra, through The Nova Group Investments Romania. Now, the businessman holds 99.7%, and Uniqa has left the shareholding structure.
The 19.57 million shares were sold at 3:51 pm, on the Bucharest bourse’s deal market. The larger stake was sold at RON5.415 per share, down 16.7% on the previous closing price. The second stake was sold at RON5.42 per share, down 16.6% on the market price.
On the main market, the last trade with Astra stock was closed Friday at RON6.5.
Austrian insurance group Uniqa announced in August 2010 it plans to sell its 27% stake in Astra to the Nova Group.
Astra is the largest local insurer by premiums subscribed, which stood at around RON1.1 billion in 2010.
The Uniqa group is present on the Romanian market through Uniqa Asigurari and Uniqa Asigurari de Viata (former Agras). (EUR1=RON4.2517)