It has been agreed not to disclose the purchase price. Unica completely withdrew from Russia. However, the annual result of the insurer will not be affected. In the previous year, Raiffeisen Life generated less than 0.1 per cent of the insurance group’s total sales.
Uniqa holds 75 per cent shares in Raiffeisen Life, with RBI holding 25 per cent. The sale price is divided according to the share ratio.
Raiffeisen Life was established in 2009 by Uniqa and RBI. As per RBI, Raiffeisen Life offers its products only to Raiffeisenbank customers. Less than 70 people got employment in this.
