Business news from Ukraine

CYPRIOT COMPANY ACQUIRES UKRAINIAN INSURANCE COMPANY

15 June , 2021  

CC Continental City Capital LTD (Cyprus) has announced the acquisition of 40% and 19.08% of the shares of Point insurer (Kyiv), according to information base of the National Securities and Stock Market Commission of Ukraine.
It is also noted that the contract for the purchase and sale of securities with Joint Century Ltd. (Belize) according to which CC Continental City Capital LTD becomes the owner of 392 voting shares or 40% of the charter capital of the insurer was concluded on June 14. On the same day, a sale and purchase agreement was signed with citizen of Georgia Armazi Tavadze on the acquisition of 187 voting shares or 19.08% of Point.
As reported, on April 30, 2021, the National Bank of Ukraine allowed Rati Tchelidze to acquire a significant stake in Point insurer by indirectly owning 56.02% of the shares.
As reported, the supervisory board of the insurance company on April 9, 2021 terminated the powers of chairman of the board Levan Bezhashvili and appointed Daria Havrylytsia to this position.
PJSC Point insurer is the legal successor of CJSC Soborny Capital insurer. It has been working in the insurance market since 2003. The company specializes in risk insurance.

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