M&A Activity • Feb 19, 2020
M&A Activity
Open in ViewerOpens in native device viewer
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 responsible for the content of this announcement.
Mergers - Acquisitions - Takeovers/Strategic Management Decisions 19.02.2020
Vienna - On 19 November 2019, UNIQA announced reviewing the possibility of merging UNIQA Insurance Group AG ("UIG"), UNIQA Österreich Versicherungen AG ("UAT") and UNIQA International AG ("UI") on the basis of a merger in 2020.
After the review was completed, the Management Board and Supervisory Board of UIG resolved today to merge UI as the transferring company and UAT as the acquiring company in the course of 2020 subject to attaining all regulatory approvals. UIG will remain the holding company until further notice. However, UIG shall transfer additional functions and its holdings in certain service companies to UAT, in particular all intragroup services. UIG's reinsurance business shall be transferred to UAT and/or UNIQA Re AG, Zurich by surrendering its reinsurance license.
The goal of the restructuring resolved is to achieve the intended further simplification and streamlining of the Group structure, make the management of the Group more efficient, optimise the leadership structure as well as strengthen the customer-focussed organisation.
Further inquiry note:
Presse Gregor Bitschnau UNIQA Insurance Group AG Group Communication +43 (0)1 21175 3440 +43 664 88915564 [email protected]
Investor Relations Michael Oplustil UNIQA Insurance Group AG Investor Relations +43 (0)1 21175 3236 +43 664 88915215 [email protected]
end of announcement euro adhoc
| issuer: | UNIQA Insurance Group AG |
|---|---|
| Untere Donaustraße 21 | |
| A-1029 Wien | |
| phone: | 01/211 75-0 |
| FAX: | |
| mail: | [email protected] |
| WWW: | http://www.uniqagroup.com |
| ISIN: | AT0000821103 |
| indexes: | WBI, ATX |
| stockmarkets: Wien | |
| language: | English |
Aussendung übermittelt durch euro adhoc The European Investor Relations Service
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.