Partners Financial Services (PFS), a Czech company, has acquired a 32.89% stake in Transilvania Broker de Asigurări, one of Romania’s largest insurance brokerage companies. This acquisition, valued at over 6 million euros, positions PFS as the largest shareholder of Transilvania Broker de Asigurări. The move is part of PFS’s expansion strategy, following its entries into the Slovak and Polish markets.

Romania, with over 19 million inhabitants and a rapidly growing GDP, represents a significant market with substantial business development potential. Petr Borkovec, CEO of Partners Financial Services, noted, “The financial advisory segment as we know it in the Czech Republic has great potential in Romania. People primarily contract their car insurance through financial intermediaries, while other financial services are accessed directly through banks. We believe that Romanians have financial needs similar to those of Czech clients. Partners Financial Services has been successfully operating in the market for 17 years.”

Transilvania Broker de Asigurări boasts over one million clients, national coverage, and 1,700 distribution partners. Last year, the company’s revenues exceeded 22 million euros, and it brokered total premiums of 190 million euros. Having been on the market for 17 years, Transilvania Broker de Asigurări is the first Romanian broker listed on the main market of the Bucharest Stock Exchange (BVB), attesting to its professionalism and stability.

Tomas Chadzivasilis, who manages the expansion of Partners in Romania, expressed confidence in the partnership, stating, “We trust that our experience and unique know-how will enable us to support Transilvania Broker de Asigurări as a shareholder to provide the best financial intermediation services to its clients.”

Partners Financial Services is pending approval as a new shareholder by the Financial Supervisory Authority (ASF) in Romania.

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