KBC Insurance Limited (Belgium) plans to make а tender offer to the rest of the shareholders of DZI Insurance & Reinsurance PLC Sofia, at a price of 188.37 leva per share, BSE reports.
The offerer controls directly or through related parties, a total of 3.135 mln shares, or 81.21% of the capital.
KBC Insurance Limited intends to delist DZI Insurance & Reinsurance PLC Sofia from the public register, managed by Financial Supervision Commission.
The Financial Supervision Commission has not discussed the matter yet.
DZI Insurance & Reinsurance PLC Sofia holds 16.54% from the bulgarian insurance market for the second quarter of 2007.
1329 shares changed hands on the position today, at prices between 188.368 and 188.40.