Business news from Ukraine

Business news from Ukraine

IC ‘Grave Ukraine’ increased its authorized capital by 41% – up to UAH 130 mln

Grave Ukraine Insurance Company (Kyiv) has increased its authorized capital by 41.2% to UAH 130.151 million through an additional issue of shares worth UAH 38 million.

This is stated in the report on the results of the issue of shares of IC Grave Ukraine, posted in the information disclosure system of the NSSMC.

As reported, the decision to hold an additional share issue was made at the insurer’s meeting on November 22, 2024. It was planned to additionally place 38 million shares with a par value of UAH 10.

As expected, the issue will be carried out at the expense of additional contributions without a public offer. Its terms provide for the preemptive right of shareholders to purchase shares in the course of their placement.

On April 10, 2008, INPRO Insurance Company became a member of the Austrian financial concern GRAWE (Grazer Wechselseitige Versicherung AG) and was renamed into Grave Ukraine Insurance Company.

PrJSC “Grave Ukraine Life Insurance” and PrJSC “IC ‘Grave Ukraine’ are part of the NFG ‘Grave Ukraine’, the ultimate beneficiary of which is GRAWE-Vermögensverwaltung (Austria).

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Grave Ukraine Insurance Company to insure risks of Electrotrans for UAH 1.3 mln

On February 26, Khmelnytsky municipal enterprise Electrotrans announced its intention to conclude contracts with Grave Ukraine Insurance Company for voluntary insurance of land transport and compulsory insurance of civil liability of owners of land vehicles, according to the ProZorro electronic public procurement system.

Contracts will also be concluded for compulsory insurance against transport accidents, compulsory insurance of employees of departmental and rural fire protection and members of volunteer fire brigades (teams).

The total expected value of the procurement of services was UAH 1.336 million, and the company’s price offer amounted to UAH 1.335 million.

On April 10, 2008, INPRO Insurance Company became a member of the Austrian financial concern GRAWE (Grazer Wechselseitige Versicherung AG) and was renamed into PrJSC Insurance Company Grave Ukraine. The company’s regional network includes about 23 customer service centers in Ukraine.

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