February 21, 2019 / 10:10 AM / 2 months ago

Uniqa aims for massive acquisitions in existing markets - CEO

VIENNA, Feb 21 (Reuters) - Austrian insurer Uniqa aims to do massive scale acquisitions in its existing markets this year, its chief executive said on Thursday.

Uniqa, which on Thursday reported a 27.5 percent increase in its 2018 net profit, had announced in October plans to grow via acquisitions and is ready to spend up to 1 billion euros ($1.13 billion).

($1 = 0.8830 euros)

Reporting by Alexandra Schwarz-Goerlich; writing by Riham Alkousaa; editing by Thomas Seythal

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