Sat, Jul 04 2009

Financia Group seals Broker Ins take-over

Fri, Jul 18 2008 14:47 CET bydnevnik.bg 82 Views

Financia Group, the financial services division of Bulgarian conglomerate Alfa Finance Holding, said that it has completed the acquisition of 51 per cent of Bulgarian insurance broker Broker Ins.

The current owners of the brokerage, Roumen Staikov, Stean Enchev and Konstantina Dragieva, will retain a stake of 49 per cent as well as full executive management control.

As a result of the deal, Broker Ins clients will get access to services like mutual funds and trust management provided by Financia Group.

Financia Group will establish a similar agreement will with Eurobroker in Macedonia.

Financia Group comprises investment brokerage Bulbrokers, corporate finance advisor Bulbrokers Consulting, asset manager Alfa Asset management, and Alfa Credit, a special purpose vehicle for the securitisation of receivables.

Alfa Finance Holding owns a majority stake in more than 60 Bulgarian companies active in financial services, real estate management, mining and logistics.

Write comment

Name: Comment:
Send your comment

More in this category

Cosmote Romania buys rival operator for 3G licence

Mobile operator Cosmote Romania agreed the acquisition of smaller local rival Zapp Mobile for 207 million euro on June 30, after months of negotiations.

Nabucco deal to be signed July 13

The intergovernmental agreement for the Nabucco natural gas pipeline will be signed in Ankara on July 13, it emerged on July 3.

Harnessing the wind

Bulgaria has low taxes, low labour costs and a lot of wind – a good combination for any company seeking to develop wind parks.

Creating a future in IT

On June 5 2009, US ambassador Nancy McEldowney launched the first US-Bulgarian partnership dedicated to Information Technology and Innovation.

In neutral gear

Bulgarian car parts manufacturers have been affected by the recession, but are optimistic about their future.

© 2000-2009, Sofia Echo Media Ltd.

Web Design by RIZN

The news and information content on this website is provided by our editorial team and is copyrighted. Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site. Comments posted by the website's visitors are independent of the editorial materials and do not represent the views of sofiaecho.com. Sofia Echo Media cannot be held responsible for the statements contained in visitor comments. The percentаge change in the shares' prices are based on the price of the last transaction of the current session compared to the price of the last transaction of the previous session. Bulgarian Stock Exchange data is not real-time, but updated every 15 minutes, and should not be used as a basis for decisions about buying or selling stock options.