Eurosig L2.2 billion acquisition of Insig

Overview:

• Eurosig has acquired 100% of Insig for L2.2 billion.
• The Albanian government has privatised the insurer with fellow insurer Eurosig selected as preferred bidder.
• The Albanian Ministry of Finance revealed that it had received four bids (Balfin, Kastrati dhe Albsig, Recovered Earth Technologies & Duraku, and Eurosig).
• According to StockMonkeys.com the privatisation has been ongoing since 2009.

Sam Duke - Editor