Pozavarovalnica Sava dd : Zavarovalnica Sava, d.d. signs deal for 100% of ERGO osiguranje d.d. and Ergo životno osiguranje d.d.
April 13, 2018 at 06:02 am EDT
Share
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 makes the following announcement:
Today in Zagreb, Zavarovalnica Sava, d.d., as the acquirer, and Ergo Austria International AG and Ergo Versicherung Aktiengesellschaft, as the sellers, signed a contract for 100% of the shares in the Croatian-based companies ERGO osiguranje d.d. and Ergo životno osiguranje d.d.
The ownership of the target companies' shares will be transferred to the acquirer after all suspensive conditions have been satisfied.
Attachments
Original document
Permalink
Disclaimer
Pozavarovalnica Sava d.d. published this content on 13 April 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 13 April 2018 10:01:11 UTC
Pozavarovalnica Sava dd (or Sava Reinsurance Plc), also known as Sava Re dd, is a Slovenia-based reinsurance undertaking. It operates as a parent company of Sava Re Group, which comprises direct insurance and pension undertakings. The Companyâs activities are divided into four segments: Reinsurance operations, Non-life insurance operations, Life insurance operations and Other business segment. The Reinsurance operations segment comprises treaty and facultative arrangements for intra-group clients and insurance and reinsurance partners worldwide. The Non-life insurance operations segment supports local markets with non-life insurance products and customer oriented services. The Life insurance operations segment is focused on life protection and saving products, including pension schemes. The Other business segment comprises operations of the Companyâs non-insurance subsidiaries. Sava Re Group operates through subsidiaries in Slovenia, Croatia, Serbia, Macedonia, Montenegro and Kosovo.
POZAVAROVALNICA SAVA, D.D. 
