ASF’s statement does not specify the figures of the share capital hike.
In the second half of May, Romania’s Financial Supervisory Authority (ASF) decided to initiate financial recovery procedures for Carpatica Asig, obliging the company’s management to come up with a financial recovery plan within 20 days at most. The first version of the financial recovery plan was rejected by ASF.
Carpatica Asig is part of financial group Carpatica owned by businessman Ilie Carabulea.
Carpatica Asig started its activity in 1996 as ASA Asigurari Atlassib. It is controlled by Atlassib Sibiu (92.42%), Transcar Sibiu (6.97%), Corneliu Tanase (0.08%) and Aurel Albu (0.53%), according to Trade Registry data.