Aspis in capital raising effort

Aspis Holdings Public Co Ltd (ASP) announced its plans to proceed with the reoorganisation of the Group to meet the requirements of Solvency II. At a first step, the Group will proceed with the reoorganisation of Commercial Value (CV), by increasing its share capital to more than EUR90 million within the next two-month period. According to the announcement, the potential capital increase will boost the Company’s capital base to EUR165 million, while CV will be considered among the first insurance companies in Greece.