Peter Hagen
Bulgaria's Bulstrad Acquires UBB-AIG to Boost Sales
Bulgaria-based Bulstrad, part of Vienna Insurance Group (VIG), has signed a deal to acquire 100% of UBB-AIG and conclude a cooperation agreement with United Bulgarian Bank (UBB), VIG said on Tuesday.
The price of the deal wasn't disclosed but Bulstrad said last month it planned to acquire full control of UBB AIG by buying five million ordinary shares for a total of EUR 3.2 M.