CIG Pannonia Life Insurance increases share in Pannonia CIG Fund Manager

Deals

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.

ADVERTISEMENT

Poland: Businesses blocked by unpaid invoices, survey shows Analysis

Poland: Businesses blocked by unpaid invoices, survey shows

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Dentons rehires banking and finance partner Appointments

Dentons rehires banking and finance partner

Budapest hosting 2024 Chess Olympiad City

Budapest hosting 2024 Chess Olympiad

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.