Publication of inside information according to Article 17 MAR by euro adhoc with the aim of Europe-wide distribution. The issuer is responsible for the content.
Merger / takeover / participation
29.11.2020
Vienna – VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe (VIG) reached an agreement on November 29, 2020 with Aegon NV to acquire its insurance business in Hungary, Poland, Romania and Turkey. In these countries, VIG is taking over the insurance companies in the non-life and life sectors as well as pension funds, asset management and service companies from Aegon, which complement VIG’s existing portfolio perfectly. The purchase price is 830 million euros. The transaction is subject to the required regulatory and competition approvals. The transaction is expected to close in the second half of 2021.
With the acquisition of these companies, VIG is expanding its leading market position in Central and Eastern Europe and becoming number 1 in the insurance market in Hungary. In addition, VIG is expanding its area of activity in this region in the pension fund business and is also active in the life business in Turkey for the first time. The premium volume of the insurance companies in the four countries amounted to the equivalent of around EUR 600 million in 2019, with a net result of around EUR 50 million.
From today’s perspective, VIG assumes that the regulatory solvency ratio at closing will be within the communicated comfort zone of 170 to 230%.
The following VIG securities are admitted to trading on a regulated market:
ISSUE NAME ISIN TRADING SEGMENT Share AT0000908504 Vienna and Prague stock exchanges, official trading VIG subordinate. Bond 2015 AT0000A1D5E1 Luxembourg Stock Exchange, Regulated Freiverkehr VIG subordinate. Bond 2013 AT0000A12GN0 Vienna Stock Exchange, Regulated Freiverkehr
End of the announcement euro adhoc
Issuer: Vienna Insurance Group AG Wiener Versicherung Gruppe Schottenring 30
A-1010 Vienna
Phone: +43 (0) 50 390-22000
FAX: +43(0)50 390 99-22000
Email: investor.relations@vig.com
WWW: www.vig.com
ISIN: AT0000908504
Indizes: WBI, VÖNIX, ATX
Stock exchanges: Prague Stock Exchange, Vienna
Language: German
Inquiries & contact:
VIENNA INSURANCE GROUP AG
Wiener Versicherung Group
1010 Vienna, Schottenring 30
Wolfgang Haas
Head of Group Communication & Marketing, Group Press Spokesman
Tel.: +43(0)50 390-21029
Fax: +43 (0)50 390 99-21029
E-Mail: wolfgang.haas@vig.com
Nina Higatzberger-Schwarz
Head of Investor Relations
Tel.: +43 (0)50 390-21920
Fax: +43 (0)50 390 99-21920
E-Mail: nina.higatzberger@vig.com
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