EANS-Adhoc

UNIQA Insurance Group AG / UNIQA resolves sale of indirect interest in Casinos Austria to CAME Holding

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Disclosed inside information pursuant to article 17 Market Abuse Regulation
(MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
The issuer is solely responsible for the content of this announcement.
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other
03.01.2017

UNIQA resolves sale of indirect interest in Casinos Austria to CAME
Holding

UNIQA Insurance Group AG (UNIQA) is to divest its 29.63% indirect
interest in Medial Beteiligungs-GmbH (Medial), which has an 38.29%
stake in Casinos Austria Aktiengesellschaft (Casinos Austria), to
CAME Holding GmbH (CAME), which, in turn, is indirectly owned by
Czech Sazka Group a.s. UNIQA's interest in Medial equates to a
roughly 11.35% interest in Casinos Austria. The sale of UNIQA's
interest in Medial to Novomatic AG, announced on 28 July 2015, was
enjoined by the antitrust court of first instance. Since UNIQA and
Novomatic AG no longer anticipate the antitrust court to approve the
transaction, the contract with Novomatic AG was cancelled. On 3
January 2017, the Management Board of UNIQA resolved to sell UNIQA's
entire stake in Medial to CAME, subject to the approval of the
Supervisory Board. A corresponding purchase contract was signed on 3
January 2017. Among other requirements, the sale is subject to the
approvals required under legislation governing business combinations
and under company law. All the required authorisations and a closing
are expected to be in place no later than the second quarter of 2018.
Upon closing, UNIQA's capital gain from selling this stake is
expected to be roughly 47.6 million euros.

The parties have agreed not to disclose the purchase price.

Forward-looking statements This press release contains statements
referring to future development. These statements are estimates based
on all of the information available to UNIQA at the publication date.
If the assumptions on which they are based do not occur, the actual
events may vary from the future events of such statements with regard
to the future developments of UNIQA. As a result, no liability is
accepted for this information

Further inquiry note:
UNIQA Insurance Group AG
Norbert Heller
Tel.: [phone]
mailto:[e-mail]

end of announcement euro adhoc
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issuer: UNIQA Insurance Group AG
Untere Donaustraße 21
A-1029 Wien
phone: [phone]
mail: [e-mail]
WWW: http://www.uniqagroup.com
sector: Insurance
ISIN: AT0000821103
indexes: WBI, ATX Prime, ATX
stockmarkets: official market: Wien
language: English