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Slovenia's NKBM, Sava Re set to sign deal on Zavarovalnica Maribor stake sale Dec 11

Dec 7, 2012, 4:46:02 PMArticle by Georgi Georgiev
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December 7 (SeeNews) - Slovenian reinsurer Sava Re said on Friday it is set to sign on December 11 a deal to buy from local lender Nova Kreditna Banka Maribor (NKBM) its 50.9963% stake in insurer Zavarovalnica Maribor.

Slovenia's NKBM, Sava Re set to sign deal on Zavarovalnica Maribor stake sale Dec 11

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.

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