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Aspis to compete for ATE Insurance

17/06/2008 15:50
Aspis Holdings announced its decision on Tuesday to participate in the competition for the acquisition of a stake in ATE Insurance. The major shareholders of ATE Insurance are ATE Bank with 84.08%, A/K with 1.99% and Capital AXEPEY with 0.52%. Its capitalization stands at €100 million.

The total premiums of ATE Insurance in 2007 stood at €166.4 million and its net profits after the deduction of taxes at €14 million.

Its total assets stood at €702 million and the reserves at €606.7 million.