The money will be used for development.
Via the placement, the company issued and sold to 42 investors a number of 347,587 ordinary shares, accounting for 20% of the total number of shares, with a face value of RON0.28/share.
The placement was handled by BRK Financial Group.
Set up 25 years ago, Millenium Insurance Brokers ranked 9th among Romania’s top insurance brokerages at end-2021 and in the first half of 2022 by the value of underwritten premiums.
(English version by Catalina Apostoiu)