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Sigma sh.a. sells 76% of its shares

13. September 2007

TIRANA - Second biggest insurance company in Albania SIGMA has sold 76% of its shares to dutch TBIH Financial Service Group N.V, 60% of which is owned by the austrian insurance company Wiener Städtische AG.

SIGMA General Director Qemal Disha pointed out that the final price had not been set yet, but it is expected to reach several millions of Euro. Meanwhile, TBIH Financial Service Group N.V. now posesses the permit for the Competition Authority to operate in Albania.

SIGMA sh.a. was established in December 1998 and since then it has been active in the insurance sector.