EANS-Adhoc: UNIQA Insurance Group AG
UNIQA resolves sale of indirect interest
in Medial Beteiligungs-GmbH to Novomatic AG
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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
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announcement.
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other/Sale of equity interest
28.07.2015
UNIQA resolves sale of indirect interest in Medial Beteiligungs-GmbH to
Novomatic AG
UNIQA Insurance Group AG (UNIQA Group) is to sell its approximately 29% interest
in Medial Beteiligungs-GmbH (Medial), which in turn has an approximately 38%
stake in Casinos Austria AG, to Novomatic AG. UNIQA's interest in Medial thus
equates to an 11.4% interest in Casinos Austria AG.
On 28 July 2015, the Management Board of UNIQA Group resolved to accept an offer
from Novomatic AG to acquire UNIQA Group's entire stake in Medial, subject to
the approval of the Supervisory Board. The sale is subject to the approvals
required under legislation governing business combinations and under company
law. The parties have agreed not to disclose the purchase price.
As part of its UNIQA 2.0 strategy programme introduced in 2011, UNIQA Group is
concentrating on its core insurance business in the core markets of Austria and
Central and Eastern Europe. In connection with this, since 2011 UNIQA Group has
already sold its equity interests in the German Mannheimer Group and in Medicur-
Holding Gesellschaft m.b.H., in which various media investments were bundled,
and its hotel investments. Meanwhile, UNIQA Group has strengthened its core
insurance business since 2011, including by increasing its indirect interest in
four private clinics in Austria to 100%, by acquiring minority interests in
foreign Group companies and by purchasing two insurance companies in Croatia and
Serbia from Baloise (Switzerland) in 2014.
Forward-looking statements
This press release contains statements concerning future development. These
statements are estimates based on all of the information available to UNIQA at
the publication date. If the assumptions on which they are based do not occur,
the actual events may vary from the future events of such statements with regard
to the future development of UNIQA. As a result, no liability is accepted for
this information.
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
Original-Content von: UNIQA Insurance Group AG, übermittelt durch news aktuell