Business news from Ukraine

Insurer Satis may self-liquidate

13 May , 2024  

Shareholders of PJSC Insurance Company Satis (Kyiv) will consider the issue of voluntary withdrawal from the market by fulfilling the insurance portfolio, according to the agenda of the meeting scheduled for May 29. According to the announcement of the company in the information disclosure system of the National Commission on Securities and Stock Market (NCSSM), the shareholders also plan to approve the plan of insurance portfolio fulfillment and terms of its implementation, appointment of the person responsible for the implementation of measures on voluntary exit from the market, to sign the application for authorization for these actions and the plan of their implementation.

IC Satis has been operating in the Ukrainian market since 1995 and specializes in risk insurance.

According to the data of NCSSM as of Q3-2023, the shareholders of the company were Iryna Yakhnytsya, who owns 24,234% of the insurer’s shares, Alexander Yakhnytsya with 23,494% of shares, Elena Yakhnytsya and Yuriy Baskakov, who own 8,472% each, Igor Yakhnytsya with 8,803% and PE “Finvest” with 9,948%.