News
Extraordinary announcement on the sale of Polish carrier's professional indemnity insurance portfolio of EMABIT
2020. 06. 03.

CIG Pannonia Life Insurance Plc. (registered seat: H-1033 Budapest, Flórián tér 1.; company registry number: Cg.01-10-045857; hereinafter: the “Company”) hereby notifies its shareholders and the capital market participants that the Board of Directors of CIG Pannónia First Hungarian Insurance Plc, 100% subsidiary of the Company has decided to sell the Polish carrier's professional indemnity insurance business in the context of a transfer of portfolio, after receiving the necessary regulatory approvals.

The sale will take place within the framework of a new recovery plan ordered by the MNB in ​​order to increase the subsidiary's own funds.

 

CIG Pannonia Life Insurance Plc.

 

Disclaimer: All information contained within this article is for information purposes only, and shall not be considered an official translation of the official communication referred to herein. This document does not include the integral wording of the official communication referred to herein, the original Hungarian language version of it remains to be the solely legally binding material in the subject matter. For further information, please do not hesitate to contact us.

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