International Media Watch of news headlines and current affairs reports about Romania
Thursday, June 28, 2007
Uniqa's stake in Romania's Astra now 50 pct plus 1 shr, to make mandatory offer
VIENNA (Thomson Financial) - Austrian insurance company Uniqa Versicherungen AG said it has bought a further 23 pct in Romania's Astra and now holds 50 pct plus one share in the listed company. In accordance with Romanian law, Uniqa will make a mandatory offer to buy the remaining shares in Astra, the insurer said in a statement.