Bulgarian insurance company Euroins Insurance Group (EIG) said on Tuesday it has signed an agreement to acquire Ukrainian travel insurance company ERV, owned by German insurance group ERGO.
“The deal is expected to be finalised after receiving approval by the regulatory authorities,” EIG said in a statement. The price of the deal was not disclosed.
The agreement envisages future cooperation between EIG and ERGO, including transfer of know-how and opportunities for EIG to sell travel insurance under the ERV brand in Ukraine and other countries in which it operates. – See more at: