Potential equity investment of up to 20 per cent in Slovenska Poistovna (SP), the largest non-life and life insurance provider in the Slovak Republic, alongside a qualifying strategic investor as part of the company’s privatisation. The investment will support the restructuring of SP and, in particular, its institutional strengthening and the expansion of its product portfolio. In addition the project will support the development of enhanced marketing and distribution capabilities and the continued disposal of non-core equity investments.
The project will support the development of SP, bringing additional technical know-how to the company (both in terms of training for local employees and through the development of new systems and products) and aid the development of the Slovakian insurance market. It will also act as a model for other similar projects, stemming in particular from improved corporate governance.
SP is the largest insurance company in the Slovak Republic providing both life and non-life insurance products. In 2000, SP had a 56 per cent non-life market share and a 36 per cent life market share. With four regional offices, 34 branches and 108 representative offices, SP operates across the whole of the Slovak Republic.
Equity investment up to a maximum of 20 per cent. Cost to be determined.
To be determined.
SP will be required to conduct its insurance and asset management operations in accordance with the EBRD’s Environmental Guidelines for the Insurance Sector.
For business opportunities or procurement, contact the client company.
For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Public Information Policy (PIP)
The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP
Project Complaint Mechanism (PCM)
The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.
Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (firstname.lastname@example.org) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.