Austria’s Uniqa Insurance said it had agreed to sell a portfolio of private equity funds with a total volume of around 400 million euros ($532 million) to a number of investors.
The company, which is concentrating on its core insurance business in its main markets of Austria and central and eastern Europe, said on Friday the sale was a further step in the implementation of its new investment policy.
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Uniqa said the transaction was subject to the usual conditions and would occur in phases, with the initial completion expected to take place before the end of this year.
Source: Reuters
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