West Midlands Holdings Corp and affiliated persons have plans to raise their stake in National Joint-Stock Insurance company Oranta to more than 50% by acquiring 14,952,606 of its common ordinary shares. A statement by West Midlands stated, "In view of intention of acquiring shares in Oranta, which added to the stake held by West Midlands Holdings Corp and its affiliated persons will exceed 50% of common shares in Oranta following such acquisition."