ASTRA
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Astra Asigurari Has Only RON3.5M In Its Accounts After 18 Months Of Special Administration
Astra Asigurari, a company the Financial Supervisory Authority (ASF) decided had no solution for other than bankruptcy, only has 3.5 million lei (almost EUR790,000) in its accounts compared...
Financial Regulator Asks For Astra Bankruptcy, Guarantee Fund To Pay Compensations
Romania's Financial Supervisory Authority ASF on Wednesday asked for the bankruptcy of insurer Astra Asigurari, under special administration, after the company failed to raise RON425 million...
Astra Majority Shareholders Want To Inject RON425M Capital In Two Stages
The majority shareholders of insurer Astra, The Nova Group Investments and Epsilon Estate Provider, controlled by businessman Dan Adamescu, want to inject the necessary RON425 million to the...
Astra Shareholders Subscribed Only 0.01% At RON425M Share Capital Hike
Shareholders of insurer Astra Asigurari, under special administration, have only subscribed 0.011% of the shares available in the EUR425 million share capital increase, while institutional i...
Several Investment Funds Looking Into Insurer Astra
The financial watchdog ASF has approved the plan for a second capital raise for insurer Astra and, if achieved, it will be the saving signal for the company, ASF vice-president Mircea Ursach...
ASF Approves RON425M Capital Hike Plan For Insurer Astra
The Financial Supervisory Authority has approved the plan for a capital raise of nearly RON525 million for insurer Astra Asigurari, to RON682.7 million, as proposed by special administrator...
ASF Head Says Astra Has Interested Investors But Price Is A Major Issue
Up to five investors are interested in taking over insurance company Astra Asigurari but the situation is stalling over the issue of price, said financial regulator president Misu Negritoiu,...
Astra Administrator Decides To Raise Capital By RON425M
Insurer Astra Asigurari's special administrator, KPMG Advisory, decided Wednesday to raise the company's share capital by RON424.9 million, to RON682.7 million, by shareholder cash contribut...
Constantinescu: Insurance Market To Stagnate This Year At Best
The Romanian insurance market ill stagnate this year, in the best case scenario, depending on what happens to insurers Astra and Carpatica Asig, Cristian Constantinescu, member in Allianz-Ti...