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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 2017 484 M
EBIT 2017 -
Net income 2017 -
Debt 2017 -
Yield 2017 4,48%
P/E ratio 2017 -
P/E ratio 2018
Capi. / Sales 2017 0,58x
Capi. / Sales 2018 0,56x
Capitalization 281 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 3
Average target price 18,6 €
Spread / Average Target 14%
Managers
NameTitle
Marko Jazbec Chairman-Management Board
Mateja Lovšin Heric Chairman-Supervisory Board
Polona Pirs Zupancic Executive Director-Strategic Finance & Controlling
Borut Celcer Head-Information Technology
Slaven Mickovic Independent Member-Supervisory Board
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