EANS-Adhoc: UNIQA Insurance Group AG
UNIQA agrees to sell its portfolio of
private equity fund interests
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ad-hoc disclosure 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
13.09.2013
UNIQA agrees to sell its portfolio of private equity fund interests
UNIQA has signed definitive agreements to sell a portfolio of 54 funds of around
EUR 400 million (1) comprised of European and US private equity fund interests
to a number of international investors (secondary and institutional) on 12.
September 2013. Completion of the transactions is subject to customary
conditions and will occur in phases, with the initial completion expected to
take place before the end of this year.
The portfolio includes direct fund interests, secondary funds and funds of
funds. The sale of the portfolio is a further step in the implementation of
UNIQA's new investment policy.
On this transaction, Campbell Lutyens is acting as financial adviser to UNIQA,
and Skadden, Arps, Slate, Meagher & Flom LLP and PHHV as legal advisers.
(1) Based on the aggregate net asset value of the portfolio plus undrawn
commitments.
Reservations concerning statements about the future
This message contains statements that refer to future developments in UNIQA.
These statements are appraisals that are made based on all information available
to us at the current point in time. If the assumptions on which they are based
do not occur, the actual events may vary from the results currently expected.
For this reason, we cannot accept liability for these statements.
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
stockmarkets: official market: Wien
language: English
Original content of: UNIQA Insurance Group AG, transmitted by news aktuell