Oranta Plans to Seize 15% of the Local Insurance Market by 2010
1 February 2008
Interfax citing CEO Oleh Spilka said Oranta Insurance (SORN: N/R) intends to grab 15% of the domestic insurance market by 2010. The company affirmed plans to conduct an IPO in 2010. In related news, Oranta collected USD 131.1 mln (+71.5% yoy) in insurance premiums in 2007 and paid out USD 38.2 mln (+29.1% yoy) in claims compensation.
