Dragan Čorokalo takes over Krajina osiguranje

21.01.2022. / 17:02

PRIJEDOR – Dragan Corokalo, owner of “Prijedorputeva” and “Fortis Group”, in which several companies operate, bought shares in “Krajina osiguranje” and will take over about 35% of that company for now, with the goal of taking over this insurance company in the next period managed by Republika Srpska, confirmed for the portal CAPITAL.

Photo: infoprijedor

As we announced “Krajina osiguranje” was recapitalized today with 2.9 million marks by selling shares on the Banja Luka Stock Exchange, and knowledge CAPITAL– He personally confirmed that Čorokalo is the buyer of shares.

“We will have about 34-35 percent stake, we have the right to manage and we want to be full owners so that we can manage the way it should be managed.”said Chorokalo.

He added that he has a recovery plan for “Krajina Osiguranje”, but that he should first “He enters the company and clears the debts.”

“That’s it, then we will work, as we have always worked, so we will in the future. Every company we bought, we raised it. It takes time, if something is destroyed in ten years, it needs to be repaired in ten years ”, pointed out Chorokalo.

The share capital of “Krajina osiguranje”, as of the third quarter of last year, amounted to 13.6 million KM, and reserves 1.3 million. However, they ended the ninth month in a loss of over one million marks, bringing the accumulated loss to over 9.8 million. Thus, in the end, the total capital of the company was estimated at 5.2 million KM, according to the financial report of that company.

CAPITAL has repeatedly written about the problems in “Krajina osiguranje”, that no technical reserves are covered and that he is even threatened with revocation of his license.

At the end of 2015, Naveen Aggarwal and Gupta Neete bought a majority stake in Krajina osiguranje for 6.9 million KM, and instead of improving their business, the company ran into even bigger problems.

Namely, immediately after the takeover, the new owners made a number of controversial decisions because of which they were under the constant supervision of the RS Insurance Agency, and later the RS Ministry of Interior. They have been banned from voting at the General Meeting of Shareholders for several years, and the management of this company was again taken over by the Investment and Development Bank of RS as the largest single shareholder.

CAPITAL: Svjetlana Šurlan


Source: Capital.ba – Informacija je capital by www.capital.ba.

*The article has been translated based on the content of Capital.ba – Informacija je capital by www.capital.ba. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!