Uniqa Plans Sale of German Subsidiary Mannheimer

Western Europe › Germany ♦ Published: November 24, 2011; 10:35 ♦ (Vindobona)

The Austrian insurance group’s new strategy brings increased concentration on Eastern European growth markets.

Uniqa Plans Sale of German Subsidiary Mannheimer / Picture: © UNIQA Group

The Uniqa Group has reached a fundamental agreement with the insurance group "Die Continentale" regarding the sale of the Uniqa shares in the German Mannheimer group. Pending the necessary approvals, "Die Continentale" will purchase the roughly 92% stake held by UNIQA in the publicly traded Mannheimer Group. Both parties have agreed not to disclose the price.

Wolfgang Kindl, CEO…

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