An investment in a placement of shares representing 25%+ equity in a full service insurance company that operates throughout the countryThe Business
The Company has been operating in Uzbekistan since 1997. It currently has the second largest network of offices represented by 15 branches, 49 operations offices and 52 agencies in all regions of Uzbekistan. The Company employs about 400 people. It provides about 50 types of insurance policies that encompass all 17 insurance classes.
The Company is consistently ranked as one of the top five insurers in Uzbekistan. The Company?s overall market share is 7.2%. In the niche of personal insurance, its market share is about 16%. In first half 2009, it took second position in premium collection in compulsory auto liability insurance (OSGO).
Market
The Company?s authorized capital is EUR 4 million (about USD 5.2 million).The Company had revenues of about $4.3m in 2008 and assets of approximately $6.1m.
The state currently owns a stake in the Company. After the proposed sale of shares, the current leading shareholders may assist with negotiations for the purchaser to acquire the state shares and to acquire additional shares on the secondary market such that the purchaser might acquire 75%+ shares of the Company.
Sector: InsuranceSegment: Full ServiceRegion: UzbekistanFinancing Size: $5m to $20mContact: Ravshan Ishnazarov
Company: YulDash Ltd.Telephone: +99897 719 57 83Email: [email protected]