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RZB completes sale of 17.64% stake in UNIQA

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RZB completes sale of 17.64% stake in UNIQA

UNIQA Versicherungsverein Privatstiftung legally completed Dec. 15 the acquisition of a 17.64% stake in UNIQA Insurance Group AG from Raiffeisen Zentralbank Österreich AG following relevant regulatory approvals.

The sale of 54,494,195 shares in UNIQA raised UNIQA Versicherungsverein Privatstiftung's voting rights share in the insurance group to 49.00% from 31.36%.

RZB's stake in UNIQA, meanwhile, declined to 10.87% from an effective 26.27%, inclusive of the acquisition of a 2.24% UNIQA stake from Raiffeisen-Holding Niederösterreich-Wien reg. GmbH, Raiffeisen-Landesbank Steiermark AG and Raiffeisenlandesbank Kärnten.

UNIQA said the syndicate formed by UNIQA Privatstiftung, Collegialität Versicherungsverein Privatstiftung and RZB remains unchanged, while the sales collaborations between the insurance group and the Raiffeisen Banking Group in Austria and 14 other countries in central and eastern Europe remain unaffected and will be continued.