Uniqa Plans Capital Increase

Businessn.a. ♦ Published: April 27, 2012; 14:26 ♦ (Vindobona)

The Austrian insurance group is planning a capital increase of €500 million this year “to be able to take ad-vantage of short-term growth opportunities”.

Uniqa Plans Capital Increase / Picture: © Uniqa

Uniqa decided in the summer of 2011 to pursue a “long-term, ten-year strategic repositioning with a clear focus on growth”. The company plans to double its number of customers to 15 million by 2020 and increase profitability by up to € 400m by 2015. Subject to capital markets conditions, this growth will be financed by a capital increase (Re-IPO) in 2013. The free float will be…