CIG shareholders raise capital by Ft 1 billion
The shareholders of CIG Central European Insurance has raised the company's registered capital by Ft 1 billion to Ft 2 billion.
The subscription was carried out at 125% of nominal value. The new shares have been distributed among founding shareholders roughly according to the initial proportion of shares.
CIG spokesman Gábor Misura told business weekly HVG that the company plans to conduct another capital raise of about Ft 1 billion in 2008.
CIG plans to raise its registered capital to Ft 3.3 billion by the end of this year, partly to finance the foundation of a new non-life insurance company. (MTI – Econews)
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