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Vienna Insurance Group: Wiener Städtische intends to sell Romanian insurer Unita to UNIQA Group Austria

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
29.05.2008
Please note: this is a translation; only the German version of this 
release is legally binding.
On 28 May 2008, Wiener Städtische Versicherung AG Vienna Insurance 
Group and UNIQA Austria Group have on principle reached consent - 
subject to the approvals by the authorities and especially the 
approval by the European anti- trust authority - concerning the 
takeover of the Romanian insurance company Unita VIENNA INSURANCE 
GROUP S.A. by UNIQA Group Austria. UNIQA Group Austria intends to 
acquire 100 percent of the share capital of the Romanian non-life 
insurer. It is planned to close the intended transaction in the third
quarter of the current year.
Vienna Insurance Group CEO Günter Geyer on the transaction: "We have 
announced to sell our Romanian Group company Unita already some time 
ago and commissioned JPMorgan to initiate the bidding process. On the
basis of the offers submitted we have now decided to enter into sales
negotiations with UNIQA."
In the year 2007, the Romanian companies of the Vienna Insurance 
Group increased their premium volume by 74.5 percent and in the first
quarter of 2008 this success was continued. The Group companies of 
the Vienna Insurance Group (including Asirom for the first time) 
achieved a premium volume of around EUR 200 million and hence an 
increase of nearly 90 percent. With an increase of more than 100 
percent, profit before taxes was also very satisfying.
end of announcement                               euro adhoc

Further inquiry note:

Mag. Barbara Hagen-Grötschnig
Unternehmenskommunikation
WIENER STÄDTISCHE Versicherung AG
Vienna Insurance Group
A-1010 Wien, Schottenring 30
Tel.: +43 (0)50 350-21027
Fax: +43 (0)50 350 99-21027
E-Mail: b.hagen@staedtische.co.at

Branche: Insurance
ISIN: AT0000908504
WKN: A0ET17
Index: WBI, ATX Prime, ATX
Börsen: Prague Stock Exchange / stock market
Wiener Börse AG / official market

Plus de actualités: Vienna Insurance Group
Plus de actualités: Vienna Insurance Group