Euroins Insurance Company AD (Euroins Bulgaria), a leading Bulgarian insurer, part of Euroins Insurance Group AD (EIG) and Eurohold, the largest Bulgarian public holding, completed successfully its capital increase issuing 28.75 million new shares at a price of BGN 4 per share and raising a total of BGN 115 million (EUR 51.1 million) of its own funds.
The funds will be used to finance the development and organic growth of the Bulgarian insurer in its key markets in Central and Southeastern Europe (CESEE), including Poland and Greece. Euroins Bulgaria will further improve its solvency and support the ongoing digital transformation of the business as well.
Apart from Bulgaria, Euroins operates in accordance with the European directive to provide services under the freedom of establishment (FoE) - in Greece, as well as under the European directive on the freedom to provide services (FoS) in Poland, Spain, Germany, Italy and Romania. Additionally, EIG operates through its subsidiaries in North Macedonia, Ukraine and Georgia.