Sava Re, already a 48.68% shareholder in Zavarovalnica Maribor, said in a bourse filing the sale negotiations have been concluded and that it will purchase NKBM's stake jointly with state-dominated fund Slovenska Odskodninska Druzba.
The exit from Zavarovalnica Maribor is one of the projects NKBM has undertaken with the aim of improving its capital position.