UNIQA indirectly holds a share of 17% in Netway Communications AG.

In this transaction, UTA will acquire 100% of Netway and through combining its own Internet activities with those of Netway will become the leading Internet provider within Austria.

The transaction is partly in the form of cash and partly in the form of a share swap involving the participation of the Raiffeisen Group and UNIQA Versicherungen AG in UTA. It was agreed that details of the price and ratios of shares owned would remain confidential.

Before being finalized, the transaction will require the assent of the appropriate bodies within the Raiffeisen Group and clearance by the Cartel authority.

For UNIQA a number of potential advantages will arise from the partnership and possibilities for co-operation in the fields of communication and e-business.