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Wednesday, June 08, 2005

Interamerican to increase share capital

Interamerican Romania will increase its share capital by ROL108.6 bn. (EUR3 mn.), up to ROL275.93 bn., by cash inflows and re-conversion of two loans received by company in 2005 from Eureko BV, the major shareholder of the insurance company.

In January 2004, the Interamerican shareholders had on the daily agenda of an AGA (General Shareholders Meeting) session, the proposition on increasing the share capital by EUR3 mn.

At that time, the company’s officials said that the capital infusion has as purpose the development and launching of new health insurances products, that will be offered in conjunction with the medical services system organized by Interamerican which will include the first private hospital from Romania.

The plans on the company’s development were postponed until 2005.

In other news Interamerican will also launch the Medisystem private health policies, both for individuals and legal entities.

Interamerican entered the Romanian market in 1995 and it owns a distribution network including 55 territorial units.

Posted by Mihai : 6/08/2005 12:44:00 am