EQS-Adhoc: Vienna Insurance Group and the Hungarian state holding Corvinus establish cooperation in Hungary

EQS-Ad-hoc: VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe / Key
   word(s): Miscellaneous
   Vienna Insurance Group and the Hungarian state holding Corvinus establish
   cooperation in Hungary

   16-Feb-2022 / 17:22 CET/CEST
   Disclosure of an inside information acc. to Article 17 MAR of the
   Regulation (EU) No 596/2014, transmitted by EQS - a service of EQS Group
   AG.
   The issuer is solely responsible for the content of this announcement.

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   VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe ("VIG") and the
   Hungarian state Holding Corvinus Nemzetközi Befektetési Zrt. ("Corvinus")
   have agreed on the details of their cooperation which had been broadly
   defined in the Memorandum of Understanding dated December 23, 2021. Under
   the cooperation, Corvinus is to acquire a 45% participation in the
   Hungarian VIG companies.

   The Hungarian VIG companies will be held through the Hungarian VIG holding
   company (VIG Magyarország Befektetési Zrt.) and two Dutch holding
   companies (Aegon Hungary Holding B.V. and Aegon Hungary Holding II B.V.).
   Corvinus will acquire a non-controlling minority interest of 45% in each
   of these three holding companies. The agreed purchase price for the three
   45% participations in these holding companies amounts to about EUR 350
   million.

   98.64% of the shares of UNION Vienna Insurance Group Biztosító Zrt. will
   be contributed to the Hungarian VIG holding company. The two Dutch Aegon
   holding companies hold 100% of the shares in the Hungarian Aegon companies
   (insurance, asset management, pension fund and service companies). VIG
   will retain a controlling majority interest of 55% in these three holding
   companies. In a next step, it is planned to merge the three holding
   companies whereby the Hungarian VIG holding company is designated as the
   remaining central steering unit.

   The closing of the transaction is subject to the necessary regulatory and
   competition approvals as well as the closing of the transaction with
   Aegon.

   Contact:
   VIENNA INSURANCE GROUP
   Investor Relations
   1010 Vienna, Schottenring 30

   Wolfgang Haas
   Head of Group Communications & Marketing, Spokesperson of the Group
   Phone: +43(0)50 390-21029
   Fax: +43 (0)50 390 99-21029
   E-Mail: wolfgang.haas@vig.com

   Nina Higatzberger-Schwarz
   Head of Investor Relations
   Phone: +43 (0)50 390-21920
   Fax: +43 (0)50 390 99-21920
   E-Mail: nina.higatzberger@vig.com

   All news releases are also available at http://www.vig.com/ir.     

    

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   16-Feb-2022 CET/CEST News transmitted by EQS Group AG. www.eqs.com

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   Language:    English
   Company:     VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe
                Schottenring 30
                1010 Vienna
                Austria
   Phone:       +43(0)50 390-22000
   Fax:         +43(0)50 390 99-22000
   E-mail:      info@vig.com
   Internet:    www.vig.com
   ISIN:        AT0000908504
   WKN:         A0ET17
   Indices:     Wiener Börse (ATX), Prager Börse (PX)
   Listed:      Vienna Stock Exchange (Official Market)
   EQS News ID: 1281456


    
   End of Announcement EQS News Service


   1281456  16-Feb-2022 CET/CEST


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