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Vienna Insurance Group Buys AXA Subsidiaries in Serbia

Published: July 7, 2016; 18:00 · (Vindobona)

Vienna Insurance Group (VIG) is acquiring AXA’s life and non-life companies in Serbia. The purchase will increase VIG’s market share in Serbia to around 11.5 percent.

Vienna Insurance Group Buys AXA Subsidiaries in Serbia / Picture: © AXA

The purchase agreement for acquisition of the non-life company AXA Nezivotna Osiguranje a.d.o. Beograd and life company AXA Zivotno Osiguranje a.d.o. Beograd (AXA Serbia) was signed on 6 July 2016. The acquisition is subject to approval by the local authorities. “Based on positive economic forecasts, Serbia is a clear growth and investment market for VIG. Serbia is one of the four…

This article includes a total of 364 words.

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