about us | newsletter | contact | archive | members area
Dan-Silviu Baciu, Conpet
The evolution of the oil industry in Romania - important changes in the last decade»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

Transilvania Broker de Asigurare becomes the first insurance brokerage company to be listed on Bucharest Stock Exchange

Transilvania Broker de Asigurare, a leading insurance brokerage company, will get listed on the main market of the Bucharest Stock Exchange (BVB) following a secondary initial public offer, which was oversubscribed by over 270 per cent in the first two days. Transilvania Broker thus becomes the first insurance broker in Romania to be listed on BVB.

2017-10-26 11:40:06

"The future sounds promising and we will try to take advantage of this trust capital we were offered," said Dan Niculae, general manager of Transilvania Broker. "Our agenda is fully loaded starting from tomorrow as we have audacious plans: we aim for a market share of a minimum 10 per cent in the next couple of years, we continue to develop products and services related to the insurance industry together with our partners in the market, we continue to develop corporate, health / life, damage departments by attracting people with a high level of expertise and new collaborators who will generate rising volumes. All of these, in addition to many other projects, will lead to an increase in turnover, revenue and profit margins over the next three to five years."

The sale offer was closed after a day and a half, when subscription rate of over 270 per cent was reached and over 800 orders from institutional and retail investors were introduced into the system, totaling nearly 1.7 million shares.

Transilvania Broker has a network of over 1,500 collaborators across the country and a portfolio of over 900,000 unique clients, individuals and businesses, according to data available at the end of last year.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  5276 Views
Daily Info
New regulations adopted by ANRE will have a strong negative impact on consumers and endanger 4.500 jobs, says ACUE

The electricity distributors members of the Federation of Associations of Energy Utility Companies (ACUE) are deeply concerned about the negative impact on networks and consum...

President Iohannis: Interconnection projects revealed at Three Seas Initiative summit are a top level political signal

The list of priority interconnection projects presented within the Summit of the Three Seas Initiative is "a top level political signal", on Tuesday stated Klaus Iohannis, in ...

Vodafone to lay off 1,700 service center employees in Romania, India and Egypt

Vodafone, one of the biggest telecom groups in the world, will lay off 1,700 employees from its service centers in Romania, India and Egypt, in this financial year, the group'...

European Property Federation elects Liviu Tudor as new President

The European Property Federation Managing Committee elected Liviu Tudor, CEO of Genesis Property and President of the Romanian Association of Building Owners, as President of ...

Commisioner Cretu: Romania has a high level of women representation in the digital sector

Romania is one of the countries of the European Union with a high level of representation of women in the digital sector, said European Commissioner for Regional Policy, Corin...

 
 
   
advertising

advertising

advertising

advertising

advertising

More on News
New Government reshuffle in Romania to take place in October

A new reshuffle of the Government is supposed to take place in early October, according to the Socialist-Democrat Party (PSD) Liviu Dragnea. He said that, together with the...

Anca Jurma named interim chief prosecutor of Romanian anti-corruption agency

Prosecutor Anca Jurma has been named the interim chief prosecutor of the Romanian anti-corruption agency (DNA) following an order by the General Prosecutor Augustin Lazar. ...

1 Comment

Ambassador Klemm: Women are directly affected by digital exclusion

Women are directly affected by digital exclusion, US Ambassador to Bucharest Hans Klemm said Monday at the opening of the Digital Romania International Forum.

President Iohannis: Interconnection projects revealed at Three Seas Initiative summit are a top level political signal

The list of priority interconnection projects presented within the Summit of the Three Seas Initiative is "a top level political signal", on Tuesday stated Klaus Iohannis, ...

President Iohannis to hold CSAT meeting on September 4 for budget revision

Romanian president Klaus Iohannis has summoned on September 4 the members of the Supreme Council of National Defence (CSAT) to approve the budget revisions for institutions...

1 Comment

Garanti Consumer Finance signs a loan agreement for seven million Euro with The Black Sea Trade and Development Bank

Garanti Consumer Finance, part of the financial group Garanti Romania, has signed a loan agreement of seven million Euro with the Black Sea Trade and Development Bank (BSTD...

1 Comment

Romania's IT market sees small growth in 2017

Romania's domestic software and IT services market recorded a growth of only 2.1 per cent in 2017, to 975 million Euro, according to ANIS.