Alpha Finance Holding Gets Green Light To Acquire Broker Ins

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Alpha Finance Holding Gets Green Light To Acquire Broker Ins

Bulgaria's Commission for Protection of Competition (CPC) has given green light to Alpha Finance Holding to acquire 51% of the capital of Broker Ins.

Alpha Finance Holding owns majority stakes in more than 60 Bulgarian companies operating in the field of finance, media, advertising, information technologies, real estate and etc.

Broker Ins operates in the insurance and reinsurance brokerage market. The takeover is expected to contribute to the positive development of the company, the attracting of new clients and improvement of the quality of services.

The forthcoming concentration of economic activity will not result in the establishment of a dominant position on the market by any participants in the deal, the CPC said.

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