Aviva Asigurari De Viata To Cut Share Capital By RON83.3M, To RON109.8M

05.13.2011 By Bostan Radu

The shareholders of Romanian insurer Aviva Asigurari de Viata have decided to reduce the share capital by 83.3 million lei (EUR20.2 million), to RON109.8 million, by canceling a number of shares.

In late April, according to the Trade Registry, Aviva Asigurari de Viata's share capital was RON193.1 million, controlled by Aviva International Holdings Limited (99.9999%) and Aviva Training & Services SRL (0.0001%).

The insurer is part of British financial group Aviva. The group entered the Romanian market in 2000 and currently also operates Aviva Fond de Pensii, which administers mandatory private pensions.

In 2010, Aviva Asigurari de Viata underwrote premiums worth RON88.67 million, down 13% on the year. (EUR1=RON4.106)