DELOITTE assisted VIG in taking over AEGON's units in Hungary, Poland, Romania and Turkey
DELOITTE assisted the Austrian insurer VIG in taking over the units of the Dutch financial group AEGON in Hungary, Poland, Romania and Turkey, informed the Romanian insurance news portal www.1asig.ro here
On 29 November 2020, WIENER Versicherung Gruppe (VIG) agreed with AEGON N.V. to acquire AEGON's non-life and life insurance companies as well as pension funds, asset management and service companies in these countries.
The acquisition is subject to approval by regulators and antitrust bodies and is to be completed in the second half of of the year 2021.
"The price of the acqusition on EUR 830 milion is one of the largest financial transactions in Central Europe in 2020. (...) Following this takeover, VIG will consolidate its leading position in Central and Eastern Europe and will become the largest insurer in Hungary", mentioned 1asig.ro.
Author: Andrei Victor
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