Slovenia's Sava Re to take over two Croatian insurers
13/04/2018 10:56
LJUBLJANA, April 13 (Reuters) - Slovenia's Zavarovalnica
Sava, part of insurance group Sava Re POSR.LJ , will sign a
contract on Friday to buy 100 percent of Croatian insurers Ergo
Osiguranje and Ergo Zivotno Osiguranje, Sava Re said in a
statement.
The companies will be purchased from Ergo Austria
International AG and Ergo Versicherung Aktiengesellschaft, it
said, but did not reveal further details.
Zavarovalnica Sava operates in Slovenia and Croatia.
Shares of Sava Re shares were up 2.29 percent to 17.9 euros
at 0929 GMT following the news, outpacing the blue-chip SBI
index .SBITOP which was up 0.61 percent.
(Reporting by Marja Novak; editing by Jason Neely)
((Marja.Novak@thomsonreuters.com; +386-1-505880, euters
Messaging: marja.novak.thomsonreuters.com@reuters.net))