Mostostal Warszawa signs a deal with Warta Insurance and Reinsurance Company concerning contractual insurance guarantees amounting to PLN 30 mln

Mostostal Warszawa has signed an agreement with Towarzystwo Ubezpieczeń i Reasekuracji Warta S.A. to provide contractual guarantees in the amount of PLN 30 million.

On March 3, 2015, Mostostal Warszawa signed with TUiR WARTA S.A. an annex to the agreement concerning a contractual guarantee limit increase up to PLN 30 million for a period of 7 years. 

“With this agreement, the optimistic assumptions of major financial institutions are confirmed as to the Mostostal Warszawa Group's future," said Carlos Resino Ruiz, Member of the Board, Chief Financial Officer at Mostostal Warszawa. 

“During the past weeks, we have intensified our contacts with the largest insurance companies and banks. They are showing interest in the increasingly improved situation of the company and better financial results of our group by offering more expanded cooperation to increase our abilities to submit offers and execute new construction contracts," Resino Ruiz adds.

According to the chief financial officer, Mostostal Warszawa is currently in the possession of financial, technical resources and staff that allows contracts to be completed for both public and the private investors across the entire country. The agreement entered into with Towarzystwo Ubezpieczeń i Reasekuracji Warta S.A. is yet another step in completing the company's business plan to constantly improve company results initiated in 2014.

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