Vienna Insurance Group AG signed a purchase agreement to acquire 35% stake in VIG Magyarorszag Befektetesi Zartkoroen Mukodo Reszvenytarsasag from Corvinus Nemzetközi Befektetési Zrt.

Vienna Insurance Group AG (WBAG:VIG) signed a purchase agreement to acquire 35% stake in VIG Magyarorszag Befektetesi Zartkoroen Mukodo Reszvenytarsasag from Corvinus Nemzetközi Befektetési Zrt. on November 21, 2023. Post this acquisition Vienna Insurance Group AG will hold 90% stake and Corvinus Nemzetközi Befektetési Zrt.

will hold 10% stake in VIG Magyarorszag Befektetesi Zartkoroen Mukodo Reszvenytarsasag. The transaction is subject to approval by the Hungarian National Bank. The transaction is expected to close at the end of November 2023.

Horst Ebhardt, Janos Toth, Melinda Pelikan of WOLF THEISS Rechtsanwalte GmbH acted as legal advisor to Vienna Insurance Group AG.