UNIQA Company News - Acquisition of AXA Assets in CEE, inkl. CC takeaways
UNIQA announced the acquisition of the P&C, Life and Pensions businesses of AXA in PL, SK & CZ. The purchase price is in line with previous rumours at EUR 1 bn (Bloomberg news) and the transaction is expected to be completed in 4Q 2020. The business of Axa is a good strategic fit for UNIQA, increasing the companies market shares in the three countries and moving UNIQA into the top 5 in those markets.UNIQA Versicherungen is a provider of insurance products and related services. Co.operates in three business segments: property and casualty insurance, life insurance and health insurance. Co. provides property and casualty insurance; personal insurance, including health, accident and life insurance. Co. is also a direct marketer of accident, life and health insurance products, including online sales. Co.develops solutions for unit-linked products for the whole group.Co. provides its products and services through sales channels, including brokers and general agencies, banks and direct sales.
The Institutional Equity Research team of Raiffeisen Bank International AG covers 85 stocks from Austria, Central & Eastern Europe with sell-side research and thus levers our local broker status with excellent company relationships. For corporates in Austria, CEE and Western Europe, we offer co-sponsored research, which includes research coverage and marketing activities to investors. Additionally, through our Spotlight Research product we also shed light on leading European small and micro-caps, seeking greater visibility with investors.
The Institutional Equity Research team consists of roughly 15 analysts, both in Vienna and the CEE countries. Our analysts provide long-standing sector expertise in tandem with profound local market know how and a sectoral approach across the entire region.
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