You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Slovenia's Zavarovalnica Triglav, Sava Re mull joint control of Diagnosticni center Bled

Author Mario Tanev
Slovenia's Zavarovalnica Triglav, Sava Re mull joint control of Diagnosticni center Bled Author: Triglav. License: All rights reserved.

LJUBLJANA (Slovenia), August 8 (SeeNews) - Slovenian insurers Zavarovalnica Triglav [LJE:ZVTG] and Sava Re [LJE:POSR] intend to acquire joint control over local Diagnosticni center Bled through their joint venture company ZTSR, Zavarovalnica Triglav said on Thursday.

Zavarovalnica Triglav and Sava Re have signed a share purchase agreement, under which Zavarovalnica Triglav has the option to acquire a 40% stake in the share capital of Diagnosticni center Bled, representing 50% of the voting rights, the insurer said in a bourse filing.

"This investment is part of the regular activities of pursuing the financial investment management policy of the Triglav Group and will not have a significant impact on the structure of its financial investment portfolio," Zavarovalnica Triglav said.

Before the transaction is executed, certain conditions precedent have to be fulfilled, the insurer noted.

The price of the agreement was not disclosed.

Zavarovalnica Triglav shares closed 1.56% lower at 31.5 euro ($35.3) on Thursday, while Sava Re shares lost 0.61% to 16.3 euro on the Ljubljana Stock Exchange.

($ = 0.8930 euro)

Compare