Hungarian authorities block VIG’s acquisition of Aegon entities in Hungary

Elisabeth Stadler, CEO of VIG. Credit: VIG

The sale of Aegon’s insurance, pension and asset management businesses in Hungary, Poland, Romania and Turkey to Vienna Insurance Group (VIG) has stalled after the Hungarian authorities blocked the acquisition. Aegon had agreed the sale to VIG for €830m. However, VIG said it had received a decree in which the Hungarian Ministry of the Interior announced that the intended acquisition…

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