City Insurance, a company specialized in travel insurance, raised its share capital by 526.170 LEI (the equivalent of 150.000 EUROS), up to 8.56 million LEI (2.44 million EUROS).
The shareholders approved the capital infusion during a general reunion, held at the beginning of the month. During the first stage of 30 days, the shareholders will be able to subscribe the newly issued shares according to their participation quota.
City Insurance concluded 2006 with raw subscribed premiums of 4.25 million LEI (the equivalent of 1.2 million EUROS).
December 28 2007. Source: Ziarul Financiar