ADVERTISEMENT

UNIQA takes over Romanian Astra insurance

Deals

The Austrian insurance group UNIQA has taken over the Romanian insurer Astra S.A., UNIQA said in a press release on Thursday.

UNIQA, which already held a stake in Astra S.A. since 2005, acquired another 23% of the company and now holds a controlling majority of 50% plus one share. The price of the 23% share, acquired from previous majority shareholder Nova Trade, was not publicized. The deal still needs approval by the Romanian authorities. The takeover of Astra, with its share of about 6.6% in Romania's insurance market, is part of UNIQA's focus on Central and Eastern Europe, where it aspires to establish itself as a uniform brand, providing insurance coverage for all industries.

UNIQA, one of Austria's leading insurance groups with a 22% share in the market, is active in 16 European countries. (monstersandcritics.com)

ADVERTISEMENT

MKIK: Local business tax should be maintained Analysis

MKIK: Local business tax should be maintained

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Budapest airport shuttle bus service expanded City

Budapest airport shuttle bus service expanded

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.