Vienna Insurance Group expands position in Central and Eastern Europe

finance

The Austrian insurer buys the Central and Eastern European business of the Dutch company Aegon.

Vienna Insurance Group expands position in Central and Eastern Europe

The Vienna Insurance Group (VIG) buys the Central and Eastern European business of the Dutch insurer Aegon. The listed company announced this in a broadcast on Sunday morning. The company is thus expanding its dominant position in Central and Eastern Europe. The purchase price is EUR 830 million, and the transaction is expected to close in the second half of 2021.

Aegon's insurance business in Hungary, Poland, Romania and Turkey is acquired. VIG is thus taking over the insurance companies in the non-life and life sectors as well as pension funds, asset management and service companies from Aegon in these countries. The purchase is subject to the necessary regulatory and competition approvals.

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