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Romexterra gets 20% in Petro AS

Credit and Development Bank Romexterra has upped its stake in insurance company Petro AS to 20%, and is set to acquire the main stake by yearend. "We have set out to build up our operations in the insurance industry and, for the beginning, we increased our participation in Petro AS to 20%

Ziarul Financiar · 27 ianuarie 2004 · 1 min de citit



Credit and Development Bank Romexterra has upped its stake in insurance company Petro AS to 20%, and is set to acquire the main stake by yearend. “We have set out to build up our operations in the insurance industry and, for the beginning, we increased our participation in Petro AS to 20%. We aim to take over the insurer afterwards through the other companies in the Romexterra group – leasing company Romexterra Leasing and Romaxa securities firm,” Romexterra president Vasile Ifrim told Ziarul Financiar. Petro AS is a small insurer, with capital worth 15bn ROL. ZF



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