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4-Traders Homepage  >  Equities  >  LJUBLJANA STOCK EXCHANGE, INC.  >  Pozavarovalnica Sava dd    POSR   SI0021110513

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Sava Re dd : ISA Approves Increase in Qualifying Holding in Zavarovalnica Maribor d.d.

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02/11/2013 | 06:49pm CEST

Monday, 11/02/2013

Pursuant to the Rules of the Ljubljana Stock Exchange, d.d., Ljubljana and applicable legislation, Sava Reinsurance Company d.d., Ljubljana announces the following:

Today Sava Reinsurance Company d.d. received a decision of the Insurance Supervision Agency based on which the Company can directly acquire voting rights and shares of Zavarovalnica Maribor d.d. of 50 percent or more, within six months of service of such decision whereafter such approval ceases to be effective.

In addition, the Insurance Supervision Agency issued an approval for Sava Reinsurance Company and the Slovenian Restitution Fund to jointly and directly acquire, based on their share purchase agreement titled "Contract on the rights relating to the shares of Zavarovalnica Maribor d.d.", voting rights and shares in the equity of Zavarovalnica Maribor d.d. of 50 percent or more, within six months of service of such decision whereafter such approval ceases to be effective.

This announcement will be available on the website of Sava Re at www.sava-re.si, at least five years from the date of the announcement.

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Financials (€)
Sales 2016 489 M
EBIT 2016 -
Net income 2016 -
Debt 2016 -
Yield 2016 5,40%
P/E ratio 2016 -
P/E ratio 2017
Capi. / Sales 2016 0,52x
Capi. / Sales 2017 0,51x
Capitalization 255 M
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Income Statement Evolution
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Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Average target price 16,6 €
Spread / Average Target 12%
Consensus details
Managers
NameTitle
Zvonko Ivanušic Chairman-Management Board
Branko Tomažic Chairman-Supervisory Board
Hermina Kastelec Executive Director-Finance
Robert Sraka Executive Director-IT & Processes
Mateja Lovšin Heric Deputy Chairman-Supervisory Board
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