Back

25 May 2020

Life insurer NLB Vita becomes part of the Sava Insurance Group

Pursuant to the rules of the Ljubljana Stock Exchange d.d., Ljubljana, and the Market in Financial Instruments Act, Sava Re d.d., Dunajska 56, Ljubljana, makes the following announcement:

On 29 May 2019, having met all the suspensive conditions under the sales agreement of 27 December 2019, Sava Re d.d. acquired a 100% stake in the share capital of NLB Vita d.d.

The long-standing bancassurance partnership between NLB Vita and the bank NLB d.d. will continue to develop, as the bank remains the primary sales channel. The strengthening of partnerships with banks and the development of the bancassurance sales channel is an important strategic objective for the Sava Insurance Group.