October 19 (SeeNews) - Slovenian reinsurer Sava Re [LJE:POSR] said on Thursday it has become the sole owner of insurer Zavarovalnica Sava.
"In accordance with a resolution adopted by the general meeting, the shares of the minority shareholders of Zavarovalnica Sava, d.d. were, against a cash compensation, transferred to Sava Re, d.d. as the main shareholder of the company," Sava Re said in a Ljubljana bourse filing.
Abroad, the Ljubljana-based group has subsidiaries in Kosovo, Macedonia, Serbia, Croatia, and Montenegro.