Insurance company Grawe Romania, a member of the Austrian group Grawe, has announced its intention to buy the majority stake in a general insurance company currently operating on the Romanian market in early 2007, according to Peter Kasyk, Grawe Romania general manager.
Kasyk said negotiations are currently under way with a single company, but he refused to name it and only said “we plan to conclude the negotiations as fast as possible because it was proven that long engagements don’t have a happy ending.”
He also said that Grawe, which has been active in the life insurance market - with a 5% market share - is interested in expanding its activities in other sectors.
In March this year, Grawe concluded the take over of the Sara Merkur company.
HotNews.ro, Dec 5, 2006
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