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Romanian Pvt Pension Regulator Approves Merger Of Four Voluntary Funds

Romanian private pension regulator CSSPP on Tuesday authorized the final stage of the merger of voluntary pension funds managed by BRD Pensii Private, Generali Pensii Private and Onix Asigurari (formerly OTP Asigurari).

Radu Bostan · 29 noiembrie 2011 · 1 min de citit

The pension funds managed by BRD Pensii Private, BRD Primo and BRD Medio merged, being absorbed by the latter.

Also, the Stabil fund, managed by Generali Pensii, has absorbed OTP Strateg, managed by Onix Asigurari (formerly known as OTP Garancia Asigurari).

According to CSSPP data, at the end of October, BRD Primo and BRD Medio had 6,805 clients and net assets of 9.88 million lei (EUR2.27 million), while Stabil and OTP Strateg had 3,964 clients and net assets of RON3.41 million.

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