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Russian insurer AlfaStrakhovanie's shareholders approve sale of stake in Ukrainian unit

May 27, 2014 - 6:00am


Shareholders of Russian insurer AlfaStrakhovanie Group have approved the sale of the insurer's 50% stake in its Ukrainian subsidiary PJSC Alfa Strakhuvannya to the Ukrainian unit of Russia's Alfa Group Consortium, reports Forinsurer.

Alfa-Bank Ukraine is acquiring the shares through Cyprus-based Innocast Holdings Ltd.

Innocast holds 99.99% of the shares in the Alfa Strakhuvannya.

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