Business news from Ukraine

Business news from Ukraine

Oleksandr Iaroslavskyi’s company continues to increase its stake in Oranta

NS-Finance LLC of Ukrainian businessman Oleksandr Iaroslavskyy has increased its stake in PJSC National Joint Stock Insurance Company Oranta (Kiev) from 74.848% to 80.161%. This LLC notified the insurer on February 11.

According to the message of NJSIC “Oranta” in the information disclosure system of the National Securities Commission (NSC), the highest price of acquisition of shares within 12 months preceding the day of acquisition of such block of shares, including the day of acquisition on February 10, 2025, was UAH 1.40. Acquisition of shares occurred in the process of issue.

As it was informed, the National Bank of Ukraine has confirmed to NJSIC ‘Oranta’ the compliance of the ownership structure with the requirements of transparency.

The decision was made taking into account the results of the additional issue of shares, which allowed to increase the authorized capital of the company by UAH 85 mln – up to UAH 244 mln and to increase the share of the shareholder NS-Finance LLC up to 80.1609%.

As a result of the issue 70,834 mln shares for the total amount of UAH 99,168 mln have been sold, from which UAH 85 mln have been directed directly to the authorized capital, and UAH 14,2 mln – to the additional capital of the company.

Oranta” Incorporated is the legal successor of Ukrgosstrakh, founded on November 25, 1921, and has been carrying out insurance activity in Ukraine for more than 100 years. The company has 33 licenses for compulsory and voluntary types of insurance, its network includes more than 400 representative offices, in the agency network there are more than 2000 insurance experts.

Since 1994 Oranta has been a full member of the ITSBU, and since 2003 – a member of the Nuclear Insurance Pool. The main shareholder is the Ukrainian business group DCH.

 

 

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