Pozavarovalnica Sava dd : Announcement of Change Entered in Register of Companies
October 19, 2017 at 02:41 am EDT
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Pursuant to the Rules of the Ljubljana Stock Exchange, d.d. Ljubljana and applicable legislation, Sava Re, d.d. Ljubljana announces the following:
On 10 October 2017, the Maribor District Court adopted decision no. Srg 2017/40746 on the entry of the amendment to the data maintained by the register of companies, whereby Sava Re, d.d. became the sole owner of the insurer Zavarovalnica Sava, d.d.
In accordance with a resolution adopted by the general meeting, the shares of the minority shareholders of Zavarovalnica Sava, d.d. were, against a cash compensation, transferred to Sava Re, d.d. as the main shareholder of the company.
Upon the entry of the resolution on the share transfer into the register of companies, Sava Re became the sole owner of Zavarovalnica Sava.
Pozavarovalnica Sava d.d. published this content on 19 October 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 19 October 2017 06:40:05 UTC.
Original documenthttp://www.sava-re.si/en/media-centre/news/1577/announcement-of-change-entered-in-register-of-companies/
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Pozavarovalnica Sava dd (or Sava Reinsurance Plc), also known as Sava Re dd, is a Slovenia-based reinsurance undertaking. It operates as a parent company of Sava Re Group, which comprises direct insurance and pension undertakings. The Companyâs activities are divided into four segments: Reinsurance operations, Non-life insurance operations, Life insurance operations and Other business segment. The Reinsurance operations segment comprises treaty and facultative arrangements for intra-group clients and insurance and reinsurance partners worldwide. The Non-life insurance operations segment supports local markets with non-life insurance products and customer oriented services. The Life insurance operations segment is focused on life protection and saving products, including pension schemes. The Other business segment comprises operations of the Companyâs non-insurance subsidiaries. Sava Re Group operates through subsidiaries in Slovenia, Croatia, Serbia, Macedonia, Montenegro and Kosovo.