English
Shareholders in the insurer Asiban await prospective investors to express interest in the next two weeks and are planning to sell their stock in early 2008. The four shareholders in Asiban - BCR, BRD GSG, Banca Transilvania and CEC - officially announced the beginning of the marketing phase of the deal. Sources indicate that Grouparma - France, which also acquired BT Asigurari, is very interested in Asiban. The selected consultants - Rotschild & Cie. and Tuca & Asociatii - have already completed the due diligence phase.
Nine months through the year, Asiban reported subscribed gross premiums in the amount of 445 million RON, up by 35% y/y and a gross profit of 6.9 million RON. Claims surged 46% to 249 million RON. The four shareholders control the company with equal stakes of 25%. The consultant selected to handle the sale is Rothschild & Cie., which also handled the BCR sale to Erste Bank.
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