Business
EBRD to buy into Uniqa insurance
Uniqa Insurance Rt will announce this week that the European Bank for Reconstruction and Development (EBRD) buys a stake in the company, according to unnamed sources. The percentage of ownership that EBRD could acquire was not revealed. The news was neither confirmed, nor denied, by the State Financial Institutions Supervision (PSzÁF). Uniqa has a market share of 5% of the insurance market in Hungary and is mainly active in non-life insurances. Uniqa merged funeral insurer Agrupación Funeuropa Insurance Rt last year into its own company last year. (Vg 11) M.K.
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