Tender Offer For DZI In Power Between September 5 and October 2

The tender offer to shareholders in Insurance and Reinsurance Company DZI () is in power from September 5 through October 2, BSE reports.

The offerer KBC Insurance Limited (Belgium) controls directly or via related parties a total of 3,134,718 shares, or 81.21% of the capital.

The number of shares subject to the offer is 725,282, and the bid is at 188.37 leva/share.

KBC Insurance Limited announced that it intends to delist the company from the public register managed by the FSC, as soon as it is possible by law.

The Financial Supervision Commission (FSC) has approved publication of the tender offer announcement.

The majority stake of 70% (2.7 mln shares) of the capital of DZI was transferred August 3 at 188.368 leva per share, or 509 mln leva (260.247 mln euros) in total.

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