EnglishBT Asigurari Transilvania SA could merge with four of the companies they control because these companies have not generated any operating revenues since they were established, according to an announcement made in the Official Journal of Romania. The four companies in question are BT Evolution SRL, BT Consulting SRL, BT Strategy SRL and BT Advice SRL.
BT Asigurari Transilvania holds 95% in each of the four companies. Following the merger, BT Asigurari Transilvania"s capital will remain unchanged at 36.5 million RON. The company concluded last year with gross subscribed premiums of 210.99 million RON (62 million EUR), up by 103% from 2005. The target for this year is 300 million RON in gross subscribed premiums, up by nearly 50% from 2006.
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