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.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter
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
Can’t stop reading? Read more
Blackstone taps bond market as private credit BDCs end issuance drought
Blackstone taps bond market as private credit BDCs end issuance drought Blackstone's private...
EQT raises the stakes with revised $12.3bn bid for Intertek
EQT raises the stakes with revised $12.3bn bid for Intertek EQT has tabled an improved takeover...
Temasek’s Azalea bets on evergreen structure to democratise private equity access
Temasek's Azalea bets on evergreen structure to democratise private equity access Azalea, a unit...