Asseco sold $21 mln in shares to finance takeovers

WARSAW, Dec 10 (Reuters) - Eastern Europe No.1 software maker Asseco Poland SOBK.WA sold $20.6 million worth of its shares to finance its planned expansion in Western Europe, the group said on Wednesday.

Asseco, which specialises in providing IT solutions for insurance and banking sectors and is the sole IT group in Warsaw's main WIG20 index .WIG20, sold 1.4 million, or 1.8 percent of its shares for 45 zlotys ($14.70) each on Tuesday.

Asseco has gone on a buying spree at home and abroad over the last few years, and is now present in some 10 countries, mainly in Eastern Europe and the Balkans.

In October, the group's Chief Executive Adam Goral told Reuters he planned acquisitions in Germany, Spain and the Netherlands.

Asseco traded at 48 zlotys per share at the end of Wednesday's session in Warsaw.

The shares were part of the 11.6 million share package formerly held by Asseco's peer Prokom Software which Asseco took over in April.

(Reporting by Adrian Krajewski; editing by Elaine Hardcastle)