Investment Intelligence provides up-to-date private equity information and news designed for entrepreneurs, private equity investors and corporate acquirors interested in Central & Eastern Europe.

Ardaf

Ardaf, one of the top ten companies in the Romanian insurance market, provides a range of insurance and reinsurance services in both life and general insurance.

Generali PPF Offers Takeover of ARDF

Posted Wed, 10/06/2009 - 14:31

The majority shareholder of Romanian insurance firm ARDF is poised to delist it from the RASDAQ market after acquiring what remains of the company's shares. Generali PPF plans a public offer for mandatory takeover of ARDF, at a cost of up to RON 21.58 million. The outstanding shares amount to 18% of the total, or 196,206,286 shares.

PPF Investments sells its shares in Ardaf and RAI Asigurari to PPF Holding

Posted Tue, 19/02/2008 - 01:00

PPF Investments sold its shares in Ardaf and RAI Asigurari to Generali PPF Holding, a joint venture of the Italian insurance company Gernali and Czech businessman Petr Kellner, who is also a minority shareholder in PPF Investments.