Aegon, Vienna Insurance Group deal in Hungary runs into trouble

Aegon, Vienna Insurance Group deal in Hungary runs into trouble

Aegon said that the Budapest Metropolitan Court has rejected the company and Vienna Insurance Group AG Wiener Versicherung Gruppe’s (VIG) joint appeal challenging the Hungarian Interior Ministry’s decision to block their previously announced transaction. The deal in question involves the proposed sale of Dutch insurance group Aegon’s insurance, pension, and asset management business in Hungary, […]

EC approves sale of Aegon’s CEE businesses to Vienna Insurance

EC approves sale of Aegon’s CEE businesses to Vienna Insurance

The European Commission (EC) has approved the €830 million sale of Dutch insurance group Aegon’s Central and Eastern European (CEE) businesses to Vienna Insurance Group Wiener Versicherung Gruppe (VIG). The deal, which was announced in November 2020, has been granted the competition law clearance by the European regulator. Vienna Insurance is in the process of […]

Aegon to divest select European businesses to Vienna Insurance Group

Aegon to divest select European businesses to Vienna Insurance Group

Dutch insurance group Aegon has agreed to sell its insurance, pension, and asset management business in Hungary, Romania, Poland, and Turkey for €830 million to Vienna Insurance Group Wiener Versicherung Gruppe (VIG). The sale of the Central and Eastern European businesses will simplify the footprint of Aegon, while consolidating its balance sheet. Lard Friese – […]