VIG rises to ‘number one’ in Hungary as Aegon exits with €620m deal to settle debt

23-03-2022

VIG rises to ‘number one’ in Hungary as Aegon exits with €620m deal to settle debt

Vienna Insurance Group (VIG) has acquired a 100% stake in the Hungarian businesses of Dutch insurer Aegon for gross proceeds of €620 million, in a move that positions VIG to take over the market leadership in Hungary, whilst allowing Aegon financial flexibility to reduce its debt and strengthen its balance sheet.


VIG, Aegon, Approval, Acquisition, Share Buyback, Insurance, Reinsurance, Elisabeth Stadler, Lard Friese, Hungary, Netherlands, Europe

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