The Moldovan Stock Exchange announced on its Facebook page the successful trading of 480,000 shares of Moldasig Insurance Company, marking the completion of the first stage of the company’s sale. According to IPN, the Public Property Agency plans to sell these shares to the Vienna Insurance Group, which has already obtained prior approval from the National Bank of Moldova.
The entire lot of 480,000 shares sold at 286.5 lei per share, totaling 137.5 million lei—approximately 8 million US dollars. These shares represent 80% of Moldasig’s total issued stock.
Moldasig is one of the largest insurance companies in Moldova. The Government authorized the Public Property Agency to purchase the shares and transfer them to a strategic investor. Vienna Insurance Group, the leading insurance group in Central and Eastern Europe, expressed interest, submitted the required documentation, completed a thorough evaluation process, and secured approval from the National Bank of Moldova.
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Roman Cojuhari, General Director of the Public Property Agency, explained that the sale was necessary due to prolonged disputes with former shareholders and authorities, which blocked the share sale under legal conditions. These issues led to the suspension of voting rights and the issuance of new shares. The National Bank repeatedly extended the deadline for selling the new shares, setting June 6 as the final cutoff. If Moldasig had not completed the transaction by that date, the company would have faced the financial burden of repurchasing the shares with its funds.