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Concentration on Romanian subsidiaries

UNIQA prepared to dispose of minority investment in Romanian Astra

UNIQA Group Austria will dispose of its 27% investment in the Romanian SC Asigurare Reasigurare Astras S.A. (Astra), acquired in 2005, to the majority shareholder of the company, TNG- The Nova Group Investments. A relevant agreement was concluded between the UNIQA Group and the Romanian principal shareholder, which already holds 72.68% of Astra.

The change of ownership in the minority investment previously held by UNIQA is intended to be processed within the coming months as a block trade through the Bucharest Stock Exchange and still requires the approval of the responsible authorities. The agreement already concluded also includes the provision that, effective immediately, Astra will cease use of the branding phrase "A Member of the UNIQA Group".

UNIQA still remains represented in Romania through the 100% subsidiaries UNIQA Asigurari S.A. and UNIQA Asigurari de Viata S.A.

3. August 2010


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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