SWISS VIATRANS SA ACQUIRES 22% OF SHARES OF PERSHA INSURER
Date: 06.10.2016. Section: Press Review, Trends in Insurance, Top
Viatrans SA (Switzerland) has become a shareholder in Persha insurance company (Kyiv) holding 22% of its share capital (132,000 shares).
The insurance company said that two individuals who held 33.47% of shares each (200,833 shares) reduced their stakes to 22.47% (134,833 shares).
As reported, the Association of International Road Carriers of Ukraine (AsMAP) held 24% of the share capital, 33.5% of shares belonged to company head Natalia Bezbakh and a member of the supervisory board Leonid Kostiuchenko each.
The Swiss company on March 4, 2016 officially announced its plans to acquire 22% of shares in the Ukrainian insurer. The national commission for financial service markets regulation approved the acquisition on September 8, 2016.
According to Standard-Rating, the appearance of a foreign investor in the insurance company would strengthen its capitalization and positively influence its business. The agency confirmed as “uaAА-” the national scale credit rating of the company.
Persha has been operating on the Ukrainian insurance market since September 2001. Its core business is car insurance using innovative IT technologies. The company is a member of the Motor (Transport) Insurance Bureau of Ukraine and national insurer of international transport of goods.
Its charter capital is UAH 60 million.
Viatrans SA, registered in 1987, is a holding company. It has around 15 subsidiaries.