Grawe acquires Merkur Osiguranje Podgorica – Transaction worth EUR 1.39 million

Austria's Merkur International Holding sold 100% of ownership in Merkur Osiguranje Podgorica for EUR 1.39 million at MontenegroBerza. The stock, as Vijesti learns, was bought by Grawe Osiguranje.

Around 19,000 shares of Merkur Osiguranje were bought at the average price of around EUR 73.15.

Grawe Osiguranje acquired the permit for operating in Montenegro on September 23, 2004, and it is owned by Austria's insurance company Grawe (Grazer Wechselseitige Versicherung AG), headquartered in Graz and with 180 years behind it.

The balance of Grawe Osiguranje at the end of 2015 amounted to EUR 34.7 million, and the net profit amounted to EUR 1.6 million. Merkur Osiguranje also operated with Austrian capital in the Montenegrin market from November 2008. Last year, it recorded a loss of EUR 27.3 thousand, Wisebroker reports.

Merkur International Holding Austria

MontenegroBerza

Merkur Osiguranje Podgorica

Grawe Osiguranje Montenegro

Grazer Wechselseitige Versicherung AG

Grawe Osiguranje profit

Merkur Osiguranje profit