The shares will be publicly traded on the regulated market of the Stock Exchange between August 25 and 26, 2025 “in order to attract a strategic investor and obtain the best conditions for the state,” the State Property Agency recalls. On behalf of the state, the Agency subjected the canceled and newly issued shares of the insurer to “pre-sale preparation”, buying a block of 480,000 ordinary registered shares for 138.81 million lei.
The potential buyer – Vienna Insurance Group Corporation, the leader on the insurance market in Central and Eastern Europe, has already signed a preliminary contract and is participating in the auction. At the same time, the state invites to participate in the auction all other “qualified investors who have received preliminary approval from the National Bank of Moldova”, forgetting to mention that there are no more such investors.
“The participation of several participants will ensure competition and guarantee a fair price,” says the official invitation of the ASG, published today with an attached announcement of the auction date. The initial price of 289.20 lei per share is also mentioned, which is the price of buying out the stake into state ownership.
As no one else has announced their intention to buy the stake in MOLDASIG from the state, the stake will go into the hands of the Austrian insurer at a “ridiculous price”.
