UNIQA Insurance Group AG

EANS-Adhoc: UNIQA Insurance Group AG /UNIQA parts with minority financial interest in Niederösterreichische Versicherung

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  Disclosed inside information pursuant to article 17 Market Abuse Regulation
  (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
  The issuer is solely responsible for the content of this announcement.
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other/Company Information
18.08.2016


UNIQA parts with minority financial interest in Niederösterreichische
Versicherung

UNIQA Insurance Group AG (UNIQA Group) will part with its minority financial
interest of 13.22% in Niederösterreichische Versicherung AG (NÖ Versicherung).
NÖ Versicherung will resolve the transaction in the course of a redemption of
the shares held by UNIQA. NÖ Versicherung informed UNIQA Group about a positive
statement of Austrian Financial Market Authority regarding the amendment to the
Articles of Association and the redemption of minority interests. On 25 August
2016 an extraordinary Annual General Meeting should approve the redemption of
minority interests. After this redemption, UNIQA will no longer have an
investment in NÖ Versicherung. 

As a result of the redemption of and compensation for these shares, which
corresponds to the disposal of the investment in economic terms, the UNIQA Group
will achieve a capital gain before tax of around EUR37 million in 2016. 

On 25 August 2016 at the extraordinary Annual General Meeting UNIQA Group will
accept the amendment to the Articles of Association.


Further inquiry note:
UNIQA Insurance Group AG 
Norbert Heller
Tel.: +43 (01) 211 75-3414
mailto:norbert.heller@uniqa.at

end of announcement                               euro adhoc 
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issuer:      UNIQA Insurance Group AG
             Untere Donaustraße 21
             A-1029 Wien
phone:       01/211 75-0
mail:     investor.relations@uniqa.at
WWW:      http://www.uniqagroup.com
sector:      Insurance
ISIN:        AT0000821103
indexes:     WBI, ATX Prime, ATX
stockmarkets: official market: Wien 
language:   English
 

 


Weitere Meldungen: UNIQA Insurance Group AG

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