15.06.2004 |
The UNIQA Versicherungen AG, the listed holding company of the UNIQA Group Austria, intends to float a fixed- interest loan with a volume of 150 million Euro and a term of 5 years in the coming weeks. Listing for official trading on the Vienna Stock Exchange is also planned.
The revenue from the issue is to be used predominantly for acquisitions and thus provide the internationalisation of the company with further support. The UNIQA Group Austria's aim of obtaining at least 15% of its annual income from premiums outside Austria's borders was achieved two years earlier than planned. From now on, through expansion of the existing distribution channels and the creation of new ones, in addition to acquisitions, this share is to be increased to 20% in the coming years. The revenue from the issue will serve to optimise the financial structure and medium-term financing beyond the internationalisation that is taking place.
Vienna, 15. June 2004