VIG Withdraws from Russia

Businessn.a. ♦ Published: August 29, 2012; 13:08 ♦ (Vindobona)

Vienna Insurance Group concludes sale of holdings in Russian Insurers MSK Life, SG MSK and SoVita.

VIG Withdraws from Russia / Picture: © Vienna Insurance Group / Votava

The Vienna Insurance Group has completed the previously announced sale of its stakes in Russian insurance companies. These comprise minority interests of about 25 percent in life insurer MSK-Life, about 4 percent in SG MSK and about 15 percent in SoVita. The parties agreed not to disclose the purchase price.

The Vienna Insurance Group (VIG) is the company with the best rating of…

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