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More capital for BULSTRAD VIG


The Bulgarian insurance company, BULSTRAD, is planning a capital increase, by issuing new shares, on the 18th and 26th of May, 2011, with EUR 3.1 million, according to the Bulgarian Stock Exchange web site.

The number of shares belonging to the company, before the capital increase, was 2,147,763, with 613,647 new shares to be issued, with a nominal value of EUR 5.11 and issuing price of EUR 25.05.

VIENNA Insurance Group (VIG) is the main shareholder for BULSTRAD VIG Bulgaria, owning 97% of the total share volume.

According to the results registered in the first 11 months of the former year, BULSTRAD Life VIG was ranked fourth in the life insurance companies' top, with a market share of 9.78%. The company underwrote in the referral period, premiums worth EUR 10.75 million, with EUR 3.5 million paid claims.


Author: Olesea ADONEV on 17.05.2011




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