Vienna Insurance Group Takes a 100% Stake in TBIH

Business › n.a. ♦ Published: November 26, 2010; 16:10 ♦ (Vindobona)

VIG now realizes an increased involvement in Turkey, Ukraine and Georgia.

Vienna Insurance Group Takes a 100% Stake in TBIH / Picture: © Vindobona.org

In accordance with the agreement made between the Vienna Insurance Group AG Wiener Versicherung Gruppe and Kardan Financial Services B.V. for the former to acquire the minority holding of 40% in TBIH Financial Services Group N.V (TBIH), the shares were officially transferred to the Vienna Insurance Group on 25 November following the granting of regulatory approvals. The full acquisition…

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