Prior to the capital hike, KD Life’s equity was around 38.48 million lei.

The move will raise KD Group’s exposure to the local company to 95.1202%. KD Zivljenje holds 4.8798% stake.

KD Life Insurance SA has received authorization for conduction insurance operations in Romania in May 2006, and at the end of 2008, it reported gross premiums written of 6.648 million lei and a market share of 0.36% in local life insurance sector.