Vienna Insurance Group to acquire a 35% stake in Hungarian holding company VIG Magyarország Befektetesi from Corvinus.

Vienna Insurance Group, an international insurance group, agreed to acquire a 35% stake in Hungarian holding company VIG Magyarország Befektetesi, from Corvinus, a Hungarian state holding. Financial terms were not disclosed. In March 2022, Vienna Insurance Group has acquired the Hungarian companies of Dutch Aegon group. The holding company VIG Magyarország Befektetesi. was established to manage the Hungarian VIG companies, in which the Hungarian state holds a 45% stake. "In Hungary, as in all our countries, we are pursuing a long-term market strategy. With the buyback, we are emphasising our long-term commitment to the Hungarian market and are looking forward to continuing the strategic partnership with the Hungarian government," Hartwig Löger, Vienna Insurance Group CEO.