Vienna Insurance Group Expands Involvement in Albania

Published: August 24, 2011; 12:55 · (Vindobona)

With the acquisition of a 75% stake in Intersig, the Austrian insurance company raises its market share in Albania to 30%.

Vienna Insurance Group Expands Involvement in Albania / Picture: © Vienna Insurance Group

The Vienna Insurance Group AG (VIG) signed an agreement in Tirana on 24 August 2011 to acquire a majority share in the Albanian insurance company Intersig Sh.a. As a result of this transaction, subject to official approval, Vienna Insurance Group will acquire 75% of the shares plus one share of the company from private ownership. The parties have agreed not to disclose the purchase…

This article includes a total of 308 words.

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