OJSC «Insurance Company «Universalna» attracted over UAH 80 m. in the course of stock private placement2007-05-11
OJSC «Insurance Company «Universalna» has completed private placement of share holding at the rate of 19% of Company’s legal capital (after additional stock issue). Over UAH 80 m. of international investment funds’ money were attracted in the course of this private placement. Therefore, Company’s capitalization constituted UAH 422 m.
It is planned to use the attracted funds for reinforcing the network of «Universalna» branches in regions of Ukraine, marketing efforts and IT-technologies.
The investment group Renaissance Capital (Ukrainian office) was the organizer of the private placement.
IG Renaissance Capital (www.rencap.com) is a leading investment and banking group working on the markets of Russia, Ukraine and other CIS countries as well as African countries situated to the South of Sahara. The group is among market leaders in all major directions of financial activity: work with share capital and debt capital, mergers and takeovers, and also offers improved derivative instruments and other structural products.
Renaissance Capital Ukraine LLC is a Ukrainian company providing professional services on Ukrainian stock market and services in assisting investment activities in Ukraine. The company is a part of IG Renaissance Capital.