Two weeks ago, the government voted in favor of initiating the process of determining public interest for the acquisition of shares in the insurance company Moldasig. A special interdepartmental commission claims that, according to data provided by the National Bank of Moldova, such an interest had been determined. The insurer was satisfied with this decision.
Therefore, the ASG should initiate negotiations with a potential acquirer with prior approval of the National Bank for the acquisition of shares of SA Moldasig insurance company, as well as the drafting of a preliminary contract.
The draft government decree provides for the state to acquire SA Moldasig shares in order to put them up for sale.
As previously reported, the offer to sell 80% of the shares of the insurance company SA Moldasig, confiscated from disgraced oligarch Veaceslav Platon, was first made in 2017, but so far all attempts to sell them have failed, the investor has not been identified. If the shares are not sold by June 2025, when the last legal deadline for the sale expires, the company will be forced to buy them out of its own funds, which risks reducing its capital and losing its license.
The insurance company SA Moldasig has a market share of 14.36% in terms of gross premiums collected, ranking third out of 9 companies operating on the insurance market of the Republic of Moldova. The company employs about 600 employees and has a client base of more than 160 thousand customers.
