CIG Pannonia Life Insurance increases share in Pannonia CIG Fund Manager
CIG Pannonia Life Insurance (PLI) yesterday said it is raising its share in Pannonia CIG Fund Manager to 50%, Hungarian news agency MTI reported.
Pannonia Life Insurance originally founded Fund Manager with its strategic partner Pannonia Pension Fund, however, according to the modification of the cooperation agreement between PLI and the Pension Fund, their share in Fund Manager will now be equal.
The general meeting of Fund Manager decided to raise its capital with HUF 11.2 mln from PLI, MTI said, adding that the capital increase will not have an effect on the companyʼs profit and solvency margin.
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