Sava Re d.d. signs a contract to buy the company Diagnostični center Bled d.o.o.

08/08/2019

Pursuant to the Rules of the Ljubljana Stock Exchange d.d., Ljubljana, and the Market in Financial Instruments Act, Sava Re d.d., Dunajska 56, Ljubljana, hereby announces the following:

Today, Sava Re d.d. as buyer and Cinxro Holdings Ltd. as seller signed a contract under which Sava Re d.d. will buy 80 percent of share capital of the company Diagnostični center Bled d.o.o. (“Diagnostic Centre Bled”) representing 100 percent of voting rights. At the same time, Sava Re d.d. signed an agreement with Zavarovalnica Triglav d.d. on the manner of cooperation in their acquisition of interests in the company Diagnostic Centre Bled. With this agreement, the parties agreed the key steps, the ultimate objective of which is to acquire joint control over the company Diagnostic Centre Bled through their jointly-owned company ZTSR d.o.o.

Together with its subsidiaries, the company Diagnostic Centre Bled is an important provider of health services in the Slovenian market. They have been in the business for over 25 years and have an established brand. The takeover of the company Diagnostic Centre Bled represents an important step for the Sava Insurance Group towards implementing its strategy in the field of expansion to the market of private health services in Slovenia.

The completion of the transaction is subject to the fulfilment of certain suspensive conditions.