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Report: UNIQA looking to sell Italian businesses

UNIQAInsurance Group AG mandated KPMG to identify buyers for Italianbusinesses Uniqa Assicurazioni, Uniqa Previdenza and Uniqa Life, Reuters reportedSept. 26, citing news agency Apa that in turn quoted Italian unionrepresentatives.

According to the report, Apa listed private equity firmsApollo Global ManagementLLC and Cinven among the bidders. "A source close to thematter" told Reuters that Società Cattolica di Assicurazione - SC and are also participating in the bidding process.

The move is reportedly part of the group's strategy to focuson central and eastern European countries following a in March.