Asirom yesterday announced it would resort to a capital increase early next year. “The Interagro Group (which controls the company) will participate in this increase with some 25-30 million euros. We expect the other shareholders to participate, too. We want to have the largest share capital of an insurance company in Romania. Our purpose is to boost solvency. We want to bring Asirom back to the number one position,” businessman Ioan Niculaie, who controls the Interagro Group, said yesterday. The share capital of the company stands at 17.5 million euros. Asirom yesterday sent to the RASDAQ, the market where it is listed, a report whereby it announced an Extraordinary General Meeting of Shareholders had been called by the Board of Directors of the company in view of a capital increase. The EGM was called for January 5, with all the shareholders registered until December 16, that is today, set to participate. Asirom””s capitalisation amounts to 100.6 million euros, calculated at the latest price per share of 0.575 RON.
Asirom posted more than 2.8 million-euro (some 9.8 million RON) losses in the third quarter, after having posted 540,000-euro profit in the first half. Therefore the company concluded the first nine months of the year with 2.3 million-euro (8.5 million RON) losses. The losses were down 4% in euros compared with the same time last year.