The Financial Supervisory Authority approved on Wednesday – 23 May 2018, the merger of the companies MILLENIUM Insurance Broker and GLOBASIG Insurance-Reinsurance Broker.
According to the Financial Supervisory Authority press release, the Authority has endorsed the “The amendments to the constitutive act of MILLENIUM Insurance Broker, respectively the increase of the share capital from 328,469.12 lei to 437,958.92 lei, a new significant shareholder (GLOBASIG – n.red.) and new administrators”.
Both brokerage companies are founding members of the Romanian Patronage of Insurance-Reinsurance Brokers, officially launched at the beginning of March 2017.
The transaction was assisted by the law firm Stratula Mocanu & Associates.
The lawyers’ team is formed by Sorin Stratula (Managing Partner), Cosmin Mocanu (Partner) as coordinator of the transaction and Alexandra Puscas (Associate).
Article published on 23 May 2018 by the Legal Marketing.