Vienna Insurance Group: Market entry in Bosnia-Herzegovina

Published: September 13, 2011; 17:36 · (Vindobona)

The Vienna Insurance Group AG has signed a contract to acquire a majority stake in the insurer Jahorina Osiguranje AD Pale (Jahorina) in Bosnia-Herzegovina after successfully concluding due diligence.

Vienna Insurance Group: Market entry in Bosnia-Herzegovina / Picture: © Flickr

After the closing of this transaction, the leading insurance group in Central and Eastern €ope will be represented in 25 markets in the region. The Vienna Insurance Group acquires approximately 88.5 percent of the capital respectively approximately 92 percent of the voting shares. The acquisition is subject to regulatory approvals.

"Bosnia-Herzegovina is an upcoming market…

This article includes a total of 341 words.

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