6 Ianuarie 2010
KD Life Insurances hikes capital by 6pc
Shareholders of KD Life Insurances have agreed on October 30 to raise capital by 2.36 million lei to 40.85 million lei, according to a decision published in the Official Gazette.
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.
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.