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Methorios Capital SpA Increases Stake in Astrim SpA; Establishes Subsidiary Methorios Insurance Broker SpA


Friday, 27 Sep 2013 01:29pm EDT 

Methorios Capital SpA announced that it has increased its stake in Astrim SpA through the acquisition from Immobiliare Madonna della Neve SpA of a stake equal to 16.2%, thus reaching a 37.9% stake in the company. For the acquisition, 11,664,000 Astrim shares were acquired with a nominal value of EUR 0.10 per share, equal to 16.2% of the share capital, for a total of EUR 14.6 million. Methorios Capital SpA also announced that it has participated in the establishment of the subsidiary Methorios Insurance Broker SpA (MIB) by subscribing a share capital increase of EUR 600,000, equal to 60% of MIB's own share capital. MIB aims at working in the insurance and reinsurance mediation field also through cross-selling with its customers. 

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