Slovenia insurer Sava Re buys Serbian rival Energoprojekt Garant
09/03/2018 15:02
LJUBLJANA, March 9 (Reuters) - Slovenian insurer Sava Re
POSR.LJ said on Friday it had bought 93 percent of Serbian
insurer Energoprojekt Garant a.d. ENGR.BEL , which specialises
in construction and liability insurance.
"The purchase is a part of Sava Re's strategic goal to
strengthen its position in the markets where it is present," the
company said. It did not disclose the value of the deal.
It also said it planned to buy the remaining shares in
Energoprojekt Garant and merge it with Sava Re's other company
in Serbia, Sava Nezivotno Osiguranje a.d.o..
Sava Re operates in Slovenia, Croatia, Serbia, Montenegro,
Macedonia and Kosovo.
(Reporting By Marja Novak. Editing by Jane Merriman)
((Marja.Novak@thomsonreuters.com; +386-1-5058805, Reuters
Messaging: marja.novak.thomsonreuters.com@reuters.net))