VIG Buys Majority Stake in Latvian BTA Baltic

VIG buys infancy interest in Latvian BTA Baltic / Picture: © Wikipedia / Baltic Countries

As VIG announced on Friday, interjection to a merger of BTA Baltic it will turn one of tip 3 insurers in a non-life word marketplace in a Baltic States.

In 2014 BTA Baltic available sum reward income of about EUR 117 million (USD 127 million) – 46.1 percent in Lithuania, 40.5 percent in Latvia and some 13.4 percent in Estonia.

In Latvia BTA Baltic has a marketplace share of about 20 percent and is a second-biggest insurer in a non-life segment.

(EUR 1 = USD 1.086)

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