Canada’s FFHL Group has announced its intent to acquire 29.08% of shares in PrJSC Universalna Insurance Company (Kyiv).
According to the National Commission for Securities and the Stock Market, earlier FFHL Group and affiliated persons did not hold shares of Universalna.
Earlier, the Antimonopoly Committee of Ukraine permitted Fairfax Financial Holdings Limited to purchase (through a subsidiary of FFHL Group Ltd.) shares of PrJSC Universalna Insurance Company, which will grant over 25% of the votes in the governing body of the insurance company.
The Antimonopoly Committee of Ukraine also allowed Fairfax Financial Holdings Limited to acquire shares of Universalna insurer through the newly created FFH Ukraine Holdings LLC, which will grant over 50% of the votes in the governing body of the insurer.
Universalna was founded in 1991, It provides services in the field of risk insurance. It offers services for 42 types of insurance. The company’s regional network has more than 300 points of sale throughout Ukraine.