Generali plans to issue 460.09 million shares with a face value of RON0.1/share, which will be entirely given to Generali PPF Holding BV.
Generali PPF Holding BV owns a 79.12% stake in Generali Romania, Dutch Iberian Structured Investment I BV holds a 20.76% stake, while several natural and legal entities hold a 0.12% stake.
After the share capital hike, Generali PPF Holding BV will own a total of 1.51 billion shares worth RON151.3 million, representing a 84.47% stake in the company.
In 2012, Generali Romania forecasts underwritten premiums of RON549 million, while life insurance premiums will reach RON91.3 million.
In 2011, the company underwrote premiums of RON511.44 million, down 22.2% from a year before.
Generali was one of the top-three international insurers by underwritten premiums in 2011. (EUR1=RON4.5042)