The Moldovan Stock Exchange published information on its Facebook page regarding the trading of 480,000 shares of the Moldasig insurance company. Thus, the first stage of the company’s sale has been completed. The Public Property Agency intends to sell these shares to the Vienna Insurance Group, which has already obtained prior approval from the National Bank of Moldova for this transaction, IPN reports.

The 480,000 shares were sold in a single lot at a price of 286.5 lei per share, totaling 137.5 million lei, equivalent to approximately 8 million dollars. These represent 80% of the total shares issued by Moldasig.

Moldasig is one of the largest insurance companies in the Republic of Moldova. The Public Property Agency was empowered by the Government to purchase the shares and subsequently sell them to a strategic investor. The most important insurance group in Central and Eastern Europe, Vienna Insurance Group, has expressed interest in acquiring the company’s shares, submitted the necessary documentation, undergone a rigorous evaluation process, and obtained the prior approval of the NBM for this transaction.

The general director of the Public Property Agency, Roman Cojuhari, previously stated that this initiative was necessary because, due to disputes with former shareholders and authorities, the shares could not be sold in accordance with legal provisions. This situation led to the suspension of voting rights and the issuance of new shares. The National Bank of Moldova repeatedly extended the deadline for the sale of the new shares, and the final deadline was set for June 6. If the transaction had not been completed by that date, the company would have been forced to repurchase the shares from its own funds, which would have put significant financial pressure on it.