Sale of shares in Romanian company Unita
In connection with its acquisition of an approximately 88% interest in life insurer SC BCR Asigurari de Viata Vienna Insurance Group S.A.1 and an approximately 89% interest in the non-life insurance company SC BCR Asigurari Vienna Insurance Group S.A.1, the Vienna Insurance Group sold all of its shares in the Romanian non-life insurance company Unita to Uniqa Group. The sale was concluded on 3 November 2008.
As a result, the Vienna Insurance Group is now the market leader in Romania, represented by the following companies:
- Omniasig Vienna Insurance Group S.A.
- Omniasig Asigurari de Viata S.A.
- Asigurarea Romaneasca – Asirom Vienna Insurance Group S.A.
- SC BCR Asigurari Vienna Insurance Group S.A.1
- SC BCR Asigurari de Viata Vienna Insurance Group S.A.1
1 New company name subject to approval by the appropriate executive bodies of the Company and registration of the amendment to the articles of association by the local authorities.
