Uniqa Sold Stake in Romanian Company

Professional ServicesInsurance ♦ Published: June 27, 2011; 14:01 ♦ (Vindobona)

The Austrian insurance group sold its 27% holding in Astra for € 25m to the Nova Group.

Uniqa Sold Stake in Romanian Company / Picture: © Uniqa

Uniqa has realized its plans of divestment of the Romanian insurance company Astra. The Austrian group sold its 27% stake, which had been held in Astra, to the Nova Group. According to media reports which were confirmed by Uniqa, the sales price amounted to € 25m. The transaction was carried out via the stock market. The planned sale had already been announced in 2010, when Uniqa had…