BT Asigurari chairman collects 460,000 euros

Constantin Jeican, chairman of the insurance company BT Asigurari (BT Insurance) and a member of the Board of Directors of Banca Transilvania, collected 1.67 million RON (465,000 euros) at the end of last year, following the conclusion of the transaction by which Banca Transilvania sold BT Asigurari to the French group Groupama for 90 million euros. Jeican was authorised by Banca Transilvania to ensure the best possible conclusion of the transaction both in terms of price and in terms of meeting the deadline, with the contract empowering him to negotiate the sale having a gross value of 1.67 million RON, according to a report sent by Banca Transilvania to the Stock Exchange. Banca Transilvania collected 76.5 million euros at the end of last year, which accounted for 85% of the price for selling the majority stake in its former subsidiary BT Asigurari.