Minority shareholders own collectively 1.08% of the company, or 11.8 million shares. The minority shareholders will thus receive 0.11lei per share.

The Romanian National Securities Commission (CNVM) approved a week ago Generali PPF’s request to drop Rasdaq listing of Ardaf shares. Generali PPF holds 98.88% of Ardaf.

The insurer reported gross premiums written of 244.9 million lei in the nine months through September 2009, 14% below year-ago level of 285.7 million lei. The drop in GPW has led to 69.84 million lei loss, 37.5% more than the same period of last year.