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Vienna Insurance Group: increase the proportion of TBIH to 100 percent
After taking the lead in the TBIH Financial Services Group NV (TBIH), the Vienna Insurance Group agreed with Kardan Financial Services BV to acquire its minority stake of 40 percent.
Vienna Insurance Group: increase the proportion of TBIH to 100 percent / Picture: © Vienna Insurance Group / WIENER STÄDTISCHE Versicherung AG
Thus, the Vienna Insurance Group will hold 100 per cent after the completion of the transaction.
With this step the Vienna Insurance Group successfully closes the steady expansion of its influence on TBIH. Already in 2009, the Vienna Insurance Group took over TBIH shares in Albania, Bulgaria, Croatia and Macedonia.
TBIH now holds majority shares in insurance companies in…
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