Zavarovalnica TRIGLAV, the parent company of the TRIGLAV Group announced it signed an agreement with Nova Ljubljanska banka - NLB - to purchase the remaining 28.1% equity stake of pension insurer Skupna pokojninska druzba, thereby becoming its 100% owner.

The price of the deal was not disclosed.

"Following this purchase, TRIGLAV continues to implement its strategic guidelines of strengthening its presence on the pension insurance market as well as the processes of consolidation and integrated management of this segment within the Group", as stated the Slovene insurer.

As at the 2017 year-end, nine insurance companies operated on the Slovene supplemental voluntary pension insurance market. Being one of these providers, Zavarovalnica TRIGLAV d.d., the parent company of TRIGLAV Group, held a 14% market share in terms of accumulated assets, whilst Skupna pokojninska druzba held a 20% share.

TRIGLAV noted that it sees "this market as promising with a growth potential in terms of an increased number of clients and a higher volume of accumulated assets".