31.10.2016 |
Raiffeisen Zentralbank Österreich AG (RZB), core shareholder of UNIQA Insurance Group AG (UNIQA), has announced its intention to acquire UNIQA shares amounting to 2.24per cent of UNIQA’s share capital from Raiffeisen-Holding Niederösterreich-Wien, Raiffeisen-Landesbank Steiermark and Raiffeisenlandesbank Kärnten. The acquisition is set to bundle the Raiffeisen Banking Group’s shares in UNIQA in RZB.
On 25 July 2016, UNIQA announced that RZB intended to sell 54,494,195 UNIQA shares (equating to 17.64 per cent of UNIQA’s share capital) to UNIQA Versicherungsverein Privatstiftung.
After the two transactions, which are both expected to be implemented before the end of 2016, RZB would hold a 10.87 per cent stake in UNIQA.
The transaction is subject to a positive evaluation by the takeover commission.