OREANDA-NEWS. June 29, 2012. Rossgosstrah was authorized to reduce its shareholding in Moldasig from 80% to 0% that is from 480 thou. stocks to 0, NCFM informs. MoldAsig, an insurance company, registered its stocks at the Stock Exchange of Moldova in June, 2012.

In particular, it was registered 600 thou. shares of MoldAsig at a nominal value of 100 leis p.s. As of June, 18, 2012, one share has been estimated by experts at 410.92 leis, the company announces.

Thus, 80% of stocks held by Rossgosstrah is valued at 197,24 mln. leis (USD16,2 mln.). Shareholders of Rossgosstrah obtained the 80% shareholding in Moldasig into ownership as a result of the increase of the authorized capital of Moldasig from 12 mln. leis to 60 mln. leis at the expense of funds of the new investor.

As a result, Moldasig has become a member of Rossgostrah, a group of companies and has been renamed into International Insurance Association.