OREANDA-NEWS. Sistema and Allianz signed a share purchase agreement, whereby Allianz becomes major shareholder of the ROSNO Group. Together with its own stake of approximately 47.4%, Allianz holds now approximately 97 % in ROSNO, one of the top 4 insurance companies in Russia.

Sistema will continue to support the future development of ROSNO by holding approximately 3% in ROSNO. Both parties look back on six years of successful cooperation.

ROSNO is one of the top Russian insurers. The company is active in the Property/Casualty, Life/Health and Asset Management business.