Pozavarovalnica Sava

Regulatory Filings • Dec 13, 2017

Category: Inside information

Published on: SEOnet

Published at:  12.12.2017 09:00

Published document ID: INI-1210/17

INI-1153/17

SAVA RE, d. d., Ljubljana

Sava Re to Sign Acquisition Deal for 100 % of NLB Nov penziski fond AD Skopje

Pursuant to the Rules of the Ljubljana Stock Exchange, d.d., Ljubljana and the Market in Financial Instruments Act, Sava Re, d.d., Dunajska 56, Ljubljana hereby announces the following:

Sava Re is to sign a purchase contract with NLB d.d. Ljubljana and NLB Banka AD Skopje to acquire all shares of NLB Nov penziski fond AD Skopje. The signing of the purchase contract concludes the sales procedure started by NLB d.d. Ljubljana and NLB Banka AD Skopje on 17 March of this year. The ownership of the target company shares will be transferred to the acquirer after all suspensive conditions (regulatory approval) have been satisfied.

The companies of the NLB Group and the Sava Re Group have been cooperating successfully in the Macedonian market for a number of years and will continue to do so as NLB Banka AD Skopje will keep on marketing pension products of the pension fund through its banking network. By acquiring all the shares of NLB Nov penziski fond AD, Sava Re, d.d. will also enter the pensions market of the Republic of Macedonia, thereby achieving its strategic objectives and consolidating its position as a major insurance group in the Western Balkans.

This announcement will also be available on the Company’s website at www.sava-re.si, at least five years from the date of the announcement.

The Company's Management Board

Date: 13.12.2017