Vienna Insurance Group Expands in Turkey

Business › n.a. ♦ Published: February 4, 2011; 00:41 ♦ (Vindobona)

Vienna Insurance Group in Turkey: Acquisition of a 10 percent stake in Ray Sigorta is completed.

Vienna Insurance Group Expands in Turkey / Picture: © Vindobona.org

Vienna Insurance Group AG Wiener Versicherung Gruppe has reached an agreement with Dogan Sirketler Grubu Holding S.A. on the acquisition of about 10 percent of the Turkish non-life insurer Ray Sigorta. The transaction was concluded on 2 February. Vienna Insurance Group already holds an 84.3 percent stake in Ray Sigorta via TBIH Financial Services Group N.V. (TBIH), a 100-percent holding…

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