Hungary blocks VIG purchase of local Aegon entity
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Hungary blocks VIG purchase of local Aegon entity

Samuel Casey
07 April 2021
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View from Gellert Hill to Buda Castle, Danube River and Parliament, Budapest, Hungary, Europe

Vienna Insurance Group’s (VIG) agreement to acquire Central and Eastern European entities of Aegon for EUR830mn ($986mn) has hit a hurdle in Hungary.

The Austrian buyer said it received a decree on Monday afternoon from the Hungarian Ministry of the Interior blocking its purchase of the Hungarian business.

VIG

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Samuel Casey
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