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Vienna Insurance Group (VIG)

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Hungarian Veto on AEGON Group Acqusition Unjustified

D&T
Feb 21, 2022

The European Commission has concluded that Hungary's decision to veto the acquisition of the Hungarian subsidiaries of the AEGON Group by Vienna Insurance Group AG Wiener Versicherung Gruppe (VIG) breached Article 21 of the EU Merger Regulation (EUMR), which confers upon the Commission exclusive competence for concentrations having Union dimension. According to the European Commission, […]

Aegon headquarters in Budapest

Aegon Leaves Hungary

D&T
Nov 29, 2020

The Dutch multinational life insurance, pensions and asset management company Aegon has agreed to sell its business in Hungary, Poland, Romania and Turkey to Vienna Insurance Group AG Wiener Versicherung Gruppe (VIG). "This transaction will simplify Aegon's footprint and strengthen our balance sheet", said Lard Friese, CEO of Aegon. "We are sharpening our strategic focus […]

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