OREANDA-NEWS. On 19 May the press lunch, organized by "Oranta" Incorporated, was held. The action was devoted to "IMG International holding company" that on the 7th of May submitted the application to the State commission on securities and fund market (SCSFM) to receive the license on security trade (including dealer, broker activity and activity on management of securities). The statutory fund of the Holding has already been established and makes up UAH 300 thousands. The chairman of the supervisory board of "Oranta" Incorporated Oleg Spilka was approved as the President of the Holding.

According to Mr. Spilka’s words, the Holding plans to form the development strategy of the company, work out and implement the standards of the corporative management of the company and take part in the preparation for leading the insurance companies of Ukraine, Russia and Kazakhstan to IPO. The activity of the Holding will be performed through the participation of the representatives of the Holding IMG in the staff of the supervisory boards and the boards of the companies’ directors. It should be mentioned that at the recent meetings of the shareholders of "Oranta" Incorporated, held on the 25th of April this year, "Oranta-Zhyttya" (28, March) and Concern "Oranta" (6, May), they approved the new wordings of the companies’ statutes, subject to which the authorities of the supervisory boards of directors were significantly increased.

"IMG International Holding company" LLC was established on the 15th of February 2008 in Kiev. On the 17th of April the Antimonopoly committee of Ukraine (ACU) issued the permission to establish "IMG International Holding company" LLC, which plans to perform trade of securities (including dealer or broker activity, activity on management of securities and underwriting.) At the same day ACU allowed "IMG International Holding company" LLC to govern more than 50% of shares of "Oranta" Incorporated and IC "Oranta-Zhyttya"

Let’s remind that the purpose of the Holding’s activity is the maximization of the cost of the companies, which are its members. Among its main tasks are implementation of the uniform standards of management in the companies, members of the Holding, consolidation of the bookkeeping and diversification of risks (in particular, establishment of the single marketing policy, corporative standards, optimization of business processes, legal provision and safety, investment and project management, establishment of brands, implementation of the single standards for rendering service and maintenance, minimization of expenses).