Project description
and objectives:
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The MPF sub-projects will act as a catalyst for new domestic and foreign entrants in the insurance and pensions sectors and will strengthen the competition and innovation in the insurance and pension industries in the region
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Sub-projects:
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- Winterthur MPF/CS L&P Zycie - 1st Capital Increase
- Winterthur MPF/CS L&P Zycie (equity)
- Winterthur MPF/CS L&P Penzijni Fond as (equity)
- Winterthur MPF/CS L&P Penztarszolgaltato (equity)
- Winterthur MPF/CS L&P Pojistovna (equity)
- Winterthur MPF/CS L&P Biztosito (equity)
- Winterthur MPF/CS L&P PTE (equity)
- Winterthur MPF/CS L&P Zycie - 2nd Capital Increase
- Winterthur MPF/CS L&P PTE - Capital Increase
- Winterthur MPF/CS L&P Penztarszolgaltato - Capital In
- Winterthur MPF/CS L&P Biztosito - 1st Capital Increase
- Winterthur MPF/CS L&P Biztosito - 2nd Capital Increase
- Winterthur MPF/CS L&P Pojistovna - Capital Increase
- Winterthur MPF/CS L&P Penzijni Fond - acq. of add. shares
- Winterthur MPF/CS L&P Biztosito - 3rd Capital Increase
- Winterthur MPF/CS L&P Zycie - 3rd Capital Increase
- Winterthur MPF/CS L&P Biztosito - 4th Capital Increase
- Winterthur MPF/CS L&P Penztarszolgaltato - 2nd Cap. Incr.
- Winterthur MPF/CSL&P Penztarszolgaltato - 3rd Capital Incr.
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Transition impact:
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Through the AXA Winterthur MPF the Bank seeks to, inter alia:
- transfer foreign industry know-how to the region
- develop long term savings for investment in the local capital markets
- provide insurance product to individuals and SMEs
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The client:
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AXA SA is a global life, non-life and financial services group which has a strong presence in developed and emerging markets. It purchased 100% of Winterthur AG in December 2006.
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EBRD finance:
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The project consists of an amount of CHF 250 million under the MPF to be invested in the equity capital of AXA insurance and pension fund subsidiaries in EBRD countries of operation.
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Total project cost:
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CHF 250 million.
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Environmental impact:
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The MPF sub-projects in the region follow the Sponsor’s stringent environmental guidelines and therefore raise the awareness of local clients for environmental issues.
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Technical
cooperation:
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None.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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Adam Harper, Senior Banker
E-mail: harpera@ebrd.com
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EBRD contact:
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Adam Harper, Operation Leader: harpera@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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