Accordingly, the UNIQA Group Austria will dispose of its 18.84% holding with voting rights in PORR. An announcement of this purchase in accordance with § 25 of the Take-over Act will be made in the next few days. Confidentiality was agreed concerning the purchase price.

At the same time as UNIQA, Raiffeisen Zentralbank Österreich AG will sell its share in PORR, amounting to 7.55%, to the Ortner Group. In November 1999 the UNIQA Group Austria had already passed on its shares in Universale-Bau AG to the Creditanstalt AG.

With the acceptance of the offer of the Wiener Städtischen Versicherung for the Porr AG shares, the UNIQA Group Austria has now concluded the restructuring of its folio of participations in building firms.UNIQA’s holding in BIBAG Bauindustrie-, Beteiligungs- und Verwaltungs-Aktiengesellschaft remains unchanged at around 25%.

UNIQA Group Austria   

With a premium volume of 32.2 billion ATS (EUR 2.19 billion) and about 6,500 staff UNIQA  is one of the leading insurance groups in Central Europe. UNIQA came into existence in 1999 as a result of a merger between the traditional Austrian companies Bundesländer-Versicherung and Austria-Collegialität and consciously combined Austrian format and a European format. Our Group structure stands for new yardsticks in the entire field of insurance.

The UNIQA Group Austria is a competent and flexible partner helping customers assure their individual future plans. We know that because individuals are different, so must be the solutions we offer them, and always of the highest quality. We strive for this ideal in all the products and services of our Group in ten European countries.