Uniqa Starts Major Capital Increase

Businessn.a. ♦ Published: September 23, 2013; 19:09 ♦ (Vindobona)

The second-biggest Austrian insurance group resolves on capital increase and announces price range. Proceeds will reach about € 750m.

Uniqa Starts Major Capital Increase / Picture: © UNIQA Group

UNIQA's Management Board, with the approval of the executive committee of UNIQA's Supervisory Board, has resolved on a capital increase to offer up to 94,359,616 new shares through (i) a rights offering to existing shareholders of UNIQA (the "Rights Offering") and (ii) a public offering to retail and institutional investors in Austria and (iii) a private placement to international…