The first changes in Alexey Petrov’s business begin. A general meeting of shareholders of “Levcorp Group” – the company that owns the insurance company “Lev Ins” – is scheduled for September 29. The decision for the meeting was taken on August 22 and provides
structural changes in the corporation and changes in the supervisory board
Albena Dimitrova, Ognyan Petrov – Alexey Petrov’s brother, Sevdalina Chendova and Iva Pavlova are currently participating in it.
From the documents in the Commercial Register, it is not clear what changes are coming in “Levcorp Group”, where “Pella”, “Lev Estate” and “Silver Level Ins” are partners in it. A check in the register shows that the corporation is controlled by Iva Pavlova and Haim Ovadia. Petrov is not present in any of these companies, but at the time he was the owner of “Pella”. Later, he transferred it to Pavlova, with whom he has lived for many years. In Lev Estate, she is a partner with the Israeli Haim Ovadia. According to the Trade Register, “Levcorp Group” has shares in companies for financial services, production, transport, tourism, agriculture, corporate security. “Levcorp Group” also controls “Life Insurance Institute”, “Health Insurance Institute”, “Pension Insurance Institute”, the insurance broker AS BG, the investment intermediary “IP Factors”. The insurer “Lev Ins” is the largest asset under the umbrella of “Levcorp Group”.
Side businesses are the companies “Buk Teteven” for the production and processing of wooden material, “Harmony TM” for doors and wooden frames, “Arte Italiana” – an importer of furniture from Italy, “Eko Balkan”, producing dairy products, and LKS for aviation catering .
But the biggest asset is undoubtedly the insurance company Lev Ins. According to data from the Financial Supervision Commission
the company holds second place in this business in our country with annual revenues of over BGN 446 million
for 2022. More than half – BGN 255 million, comes from the mandatory “Civil Liability” insurance. The other main sources of income are policies against theft and natural disasters, as well as from issued guarantees. The insurance company showed interest in the banking sector by announcing its intentions to acquire two branches of Credit Agricole and Tokuda Bank. After the bankruptcy of KTB, he wanted to take over the subsidiary bank “Victoria”, but was refused by the BNB.
2023-08-24 04:00:00
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