EQS-Adhoc: UNIQA Insurance Group AG: STRABAG SE Syndicate cancelled by Haselsteiner Group
EQS-Ad-hoc: UNIQA Insurance Group AG / Key word(s): Investment
UNIQA Insurance Group AG: STRABAG SE Syndicate cancelled by Haselsteiner
Group
15-March-2022 / 11:07 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS – a service of EQS Group
AG.
The issuer is solely responsible for the content of this announcement.
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STRABAG SE Syndicate cancelled by Haselsteiner Group
UNIQA Beteiligungs-Holding GmbH (FN 174965 b), UNIQA Erwerb von
Beteiligungen Gesellschaft m.b.H. (FN 208055 p), UNIQA Österreich
Versicherungen AG (FN 63197 m) and UNIQA Insurance Group AG (FN 92933 t)
(collectively referred to as the „UNIQA Group“) together hold around 15%
in STRABAG SE.
The UNIQA Group, as a part of the Raiffeisen Group, is a member of a
syndicate (the „Syndicate“) with the Haselsteiner Group and MKAO Rasperia
Trading Limited that controls STRABAG SE (AT000000STR1), which is listed
on the Vienna stock exchange.
The Haselsteiner Family Foundation, as a member of the Haselsteiner Group,
has served notice on the Syndicate by way of letter delivered today. The
Syndicate will therefore be dissolved from 31 December 2022 („date of
dissolution“).
UNIQA currently accounts for its 15% interest in STRABAG SE (the „STRABAG
interest“) as an associate in accordance with IAS 28 („equity method
accounting“) as UNIQA has significant influence over STRABAG SE on the
basis of the Syndicate in particular. The dissolution of the Syndicate
will affect the equity method accounting from the 2023 financial year if
the significant influence can no longer be demonstrated. If the equity
method accounting is discontinued, UNIQA would instead recognise the
dividend paid by STRABAG SE in profit or loss in future rather than the
pro rata consolidated net profit. The carrying amount of the STRABAG
interest would be based on its market price moving ahead and no longer on
the pro rata consolidated equity.
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15-March-2022 CET/CEST News transmitted by EQS Group AG. www.eqs.com
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Language: English
Company: UNIQA Insurance Group AG
Untere Donaustraße 21
1029 Vienna
Austria
Phone: +43 1 211 75-0
E-mail: investor.relations@uniqa.at
Internet: www.uniqagroup.com
ISIN: AT0000821103
WKN: 928900
Indices: ATX
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1302855
End of Announcement EQS News Service
1302855 15-March-2022 CET/CEST
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