Generali will 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 persons 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 an 84.47% stake in the company.
In 2012, Generali Romania forecasts underwritten premiums of RON549 million, of which life insurance premiums are estimated to reach RON91.3 million, and losses of RON15.9 million.
In 2011, the company underwrote premiums of RON511.44 million, down 22.2% from a year ago.
Generali is one of the top-three international insurers by underwritten premiums in 2011. (EUR1=RON4.5658)