Tous Actualités
Suivre
Abonner Generali Holding Vienna AG

Generali Holding Vienna AG

euro adhoc: Generali Holding Vienna AG
Mergers - Acquisitions - Takeovers / Generali acquires Libertas Insurance in Croatia

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
12.05.2006
Generali acquires Libertas Insurance in Croatia  Contract for the
takeover of 100% of Libertas Osiguranje d.d. signed in Vienna.
Subject to the necessary approvals, Austrian insurer Generali Holding
Vienna AG, Vienna, has acquired a 100 per cent stake in Croatia’s
Libertas Osiguranje d.d., Zagreb.  The contract was signed yesterday
evening in Vienna by group CEO Karl Stoss, CFO Walter Steidl and
Gojko Ostoji?.  The acquisition will strengthen the strategic
positioning of Generali in the Croatian insurance market where the
Group has been operating since 2002.
Libertas Osiguranje, founded in 1997 is active in life insurance and
is licensed to write accident and health insurance as well. Libertas
is provided with one of the strongest sales networks operating in the
country. The distribution relies upon 12 regional offices controlling
more than 300 intermediaries.
Libertas reported a gross premium volume of EUR7,8 million in 2005
marking a 37% increase over the previous year. The acquisition will
therefore double General’s market share in the Croatian life
insurance segment to 5.8 per cent and move the Generali Group up to
seventh place in the Croatian life insurance market.
end of announcement                               euro adhoc 12.05.2006 07:30:00

Further inquiry note:

Generali Holding Vienna AG
Josef Hlinka
Tel.: (++43-1) 534 01-1375
Fax: (++43-1) 534 01-1593
mailto:josef.hlinka@generali.at
http://www.generali-holding.at

Branche: Insurance
ISIN: AT0000661350
WKN: 873075
Index: WBI, ATX Prime
Börsen: Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Frankfurter Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Bayerische Börse / free trade
Wiener Börse AG / official dealing

Plus de actualités: Generali Holding Vienna AG
Plus de actualités: Generali Holding Vienna AG