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Bosna Sunce Osiguranje to absorb Zovko Osiguranje

Bosnian insurer Bosna sunce osiguranje d.d will absorb Zovko Osiguranje, a peer it recently acquired, SeeNews reported.

Bosna sunce osiguranje signed an agreement to acquire Zovko osiguranje in November and acquired 100% of the company for 9 Bosnian convertible million marks.

Bosna sunce has a market share of 7.3% in the Bosnian insurance market, according to the report.

As of Dec. 27, US$1 was equivalent to 1.64 Bosnian convertible marks.