Finance Consulting, a debt collector related to Chimimport, has acquired one of the major mutual fund players in Bulgaria – BenchMark Asset Management and the latter now has a new name, management and headquarters. Finance Consulting has a vast portfolio of investments in local financial institutions, including an insurance company, a pension fund and a bank, running a total of BGN mln. Back in 2010, Finance Consulting acquired life insurer KD Life (now JZK Saglasie). It controls 19.95% of pension insurer Saglasie. It has recently bought a 19% stake in Teximbank. The company also hold shares in insurance player Saglasie ins broker and investment intermediary ABV Finance. Another connection to Chimimport lies in the fact that Finance Consulting has debts to Central Cooperative Bank.
Source: Standart (16.05.2012)