“Insurance regulator CSA approved Epsilon Estate Provider’s plan to buy the stake owned by Uniqa and on June 22, 2011 the transaction took place,” the insurer said in a press release.
Epsilon Estate Provider is 99% controlled by The Nova Group Investments BV and 1% by The Nova Group Investments Romania.
Astra is 72.68% owned by The Nova Group Investments Romania, 27.02% by Epsilon Estate Provider, while other shareholders control the rest of 0.3%.
Uniqa bought shares in Astra in 2005 for RON36.17 million.
Astra is leader on the local insurance market regarding underwritten premiums in 2010, which stood at about RON1.1 billion.(EUR1=RON4.2457)