EBRD to acquire stake in Bulgaria's Euroins Insurance Group
The European Bank for Reconstruction and Development said it has signed an agreement to acquire a minority stake in Bulgaria's Euroins Insurance Group (EIG), one of the largest independent non-life insurance groups in central, eastern and southeastern Europe.
The EBRD is investing EUR 30 million through a capital increase, while Еurohold, the insurance group's parent company, is providing a further equity injection of up to EUR 12 million.
The funds will be used for the development and growth of the largest insurance entity within the group, Euroins Romania Asigurare Reasigurare.
The financing will also support the group's operations and growth in Georgia, Greece, North Macedonia, Poland, and Ukraine.
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