EuroIns Insurance Group (EIG), the insurance arm of blue-chip Eurohold Bulgaria (SOFIX: 4EH), acquired the full stake in United Health Insurance (UHI) as part of a strategy to consolidate the market share of the health insurance business, the holding announced on its website. The value of the transaction has not been disclosed. The deal is expected to be finalised by the end of May. EuroIns Health Assurance (the health insurance arm of EIG) expects to become one of the top 3 largest companies on the market for voluntary health insurance in Bulgaria following the acquisition. Management projects BGN 4.4mn in revenue by the end of 2012, up by 35% compared to 2011. |
The EC has sent a reasoned opinion to Bulgaria over failure to comply with EU rules on the free movement of capital, the EC said on its website. The privatisation act in Bulgaria introduces ... more
Bulgaria will be seeking an extension of the court procedure filed by the EC against the country over irregularities found in the assignment of digital broadcast spectrum, transport minister ... more
Bulgarian individuals and companies hold EUR 100mn in Cypriot banks according to ECB data, BTA reported quoting Reuters. The largest EU depositors in the crisis-hit country are Greece with EUR ... more