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Euroins Insurance Group (EIG), a subsidiary of financial and insurance group Eurohold Bulgaria, has reached an agreement to acquire a Greece-based life insurance company.
The Greece-based company is a subsidiary of French Credit Agricole.
The deal, which is to be approved by the respective regulatory authorities, may be finalized by the final quarter of 2015.
The acquisition is in line with EIG’s strategy to expand and consolidate its position as a leading insurance company in the region and to diversify its life insurance portfolio, according to a media statement of the company.
After the successful conclusion of the deal EIG will own companies in 5 countries and will generate revenues exceeding EUR 350 M, according to preliminary forecasts, as cited by money.bg.
German holding and insurance company Talanx has sold its subsidiaries in Bulgaria and Ukraine ot Euroins, a Bulgarian insurance group.
Offices of Bulgaria's Corporate Commercial Bank (KTB) and its subsidiary Credit Agricole will remain closed at least until September 21, Bulgarian National Bank informed Tuesday.
Bulgaria's Corporate Commercial Bank (KTB) has acquired all assets of Credit Agricole Bulgaria, the Bulgarian National Bank (BNB) announced Wednesday.
Car thefts in Bulgaria are on the rise according to data of the insurance companies.
Bulgaria's central bank announced on Wednesday it has been informed of Credit Agricole local unit sale to Bulgarian bank Corporate Commercial Bank and approves of the deal.
Credit Agricole said on Wednesday it agreed to sell its Bulgaria division to Bulgarian bank Corporate Commercial Bank.
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The Ministry of Finance has released a broad public dataset covering more than 7,000 public procurement contracts with a combined value exceeding 30 billion euros
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Caretaker Finance Minister Georgi Klisurski said he expects fuel prices at gas stations to ease in the coming period, pointing to a sharp decline in international oil markets
Boris Azarenko is an entrepreneur whose professional background lies in banking and finance and who later founded major property development businesses.
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