Slovenia's Sava Re files non-binding bid for NKBM's Zavarovalnica Maribor stake

This is in line with the company's strategy regarding consolidation of the insurance sector, diversification of insurance services and distribution channels, as well as geographical diversification, Sava Re, which already owns 48.68% of Zavarovalnica Maribor, said in a bourse filing.

Sava Re said if it is included in the list of selected bidders, it will conduct due diligence of Zavarovalnica Maribor and on its basis prepare and make a binding bid.