Slovenia: Second-Largest Insurance Group to be Sold

Business › n.a. ♦ Published: October 8, 2012; 19:30 ♦ (Vindobona)

The Austrian Uniqa Group and Grazer Wechselseitige Versicherung (Grawe) are interested in Zavarovalnica Maribor (ZM):

Slovenia: Second-Largest Insurance Group to be Sold / Picture: © UNIQA Group

The Slovenian NKBM (Nova Kreditna Banka Maribor) sells ist majority stake in ZM. First non-binding offers have been submitted to NKBM already. NKBM has do downsize in order to reduce its risky assets. The sales price could reach up to € 70m.

A spokesman of Uniqa already confirmed the intention to acquire ZM. Besides Uniqa, Grawe and the Slovenian Sava Re are said to submit…

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Slovenia, NKBM, Insurance Industry, M & A, Banking Industry, Uniqa, Grawe
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