EIG raises capital by EUR 14.6 million on expansion plans
Bulgarian EUROINS Insurance Group (EIG), the financial and industrial subsidiary of EUROHOLD Bulgaria, has raised its capital by EUR 14.6 million to EUR 136.8 million in order to finance its regional expansion plans, according to DNEVNIK.
EUROHOLD Bulgaria has subscribed to all 28,799,991 ordinary registered shares with a par value of EUR 0.51 per share.
The company has taken a mezzanine loan from Accession MEZZANINE Capital II, a fund of MEZZANINE Management Central Europe, which provides mezzanine capital to existing corporate clients as well as to financial and strategic investors in Central and Eastern Europe. EIG also includes EUROINS Insurance (Bulgaria), EUROINS Health Assurnace (Bulgaria), EUROINS Romania, and Macedonia-based EUROINS Osiguruvanje.
