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New strategic conditions arise from intended majority takeover at Mannheimer AG Holding – UNIQA and the Nürnberger Insurance Group refrain from cooperating UNIQA’s intended majority takeover of the Mannheimer AG Holding as part of a recapitalisation and restructuring plan (the premium volume of the Mannheimer Sachversicherung AG alone amounted to EUR 262.6 in 2002; see also the UNIQA ad hoc press release of 23 December, 2003) is leading to a new strategic constellation on the German insurance market. UNIQA’s particular interest in the recapitalisation and restructuring of the Mannheimer AG Holding in Germany was known to the Nürnberger Insurance Group. Changes in the general conditions have, however, caused both UNIQA and the Nürnberger Insurance Group to refrain from involvement in the cooperation originally planned. Plans announced in September, 2003 for a 100% takeover of the Nürnberger Versicherung Österreich AG by UNIQA (the premium volume in 2002 was EUR 88.3 million) and the mutual interest of the two groups of companies resulting from this are not to be pursued any further. 9. January 2004  UNIQA Group Austria Press Service Untere Donaustrasse 21 1029 Vienna Tel.: (+43 1) 211 75-3414 Fax.: (+43 1) 211 75-3619 Mobil: (+43 664) 112 02 37 E-Mail: presse@uniqa.at
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 UNIQA take over Nürnberger Austria UNIQA intends to take over am majority stake in Mannheimer |
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