VIG will acquire AEGON’s non-life and life insurance, pension funds, asset management and service businesses in these countries.
The purchase amount is 830 million euros.
A condition for the transaction is obtaining the necessary regulatory and competition permits. The transaction is expected to be completed in the second half of 2021.
With the acquisition, VIG will further strengthen its leading position in Central and Eastern Europe and through the transaction become the largest market player in Hungary. In addition, VIG is expanding its activities in the region, on the one hand in the pension fund business and, for the first time in Turkey, in the life insurance sector, it was announced.