News
Financia Group wraps Broker Ins take-over
Financia Group, the financial services division of Bulgarian conglomerate Alfa Finance Holding, said it has completed the acquisition of 51% in insurance broker Broker Ins. The current owners of the brokerage, Rumen Staikov, Stean Enchev and Konstantina Dragieva, will retain a stake of 49% as well as full executive management control. As a result of the deal, Broker Ins clients will get access to services like mutual funds and trust management provided by Financia Group. Financia Group will establish a similar synergy will with Eurobroker in Macedonia. Financia Group comprises investment brokerage Bulbrokers, corporate finance advisor Bulbrokers Consulting, asset manager Alfa Asset management and Alfa Credit, a special purpose vehicle for the securitisation of receivables. Alfa Finance Holding owns a majority stake in over 60 Bulgarian companies active in financial services, real estate management, mining and logistics.Source: http://news.dnevnik.bg/