The UNIQA Group will acquire another 23% of the shares of the Albanian insurance company SIGAL, that will increase its share in the Albanian market leader to 68.7%. The agreements with the former shareholders were signed on Wednesday, 11 November 2009, in Tirana, according to UNIQA officials.
The transaction is still subject to the approval of the supervision authorities. The deal is expected to be closed within the next months.
SIGAL is the number one insurer in Albania, with 32% market share.