Hungary blocks VIG purchase of local Aegon entity
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email
  • Free Trial
  • Log in

Hungary blocks VIG purchase of local Aegon entity

Samuel Casey
07 April 2021
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email
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

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News M&A
sam casey/sam casey ii red.png
Samuel Casey
Senior Reporter
Contact
Gift this article