European Commission gives green light to Vienna Insurance Group for acquisition of Aegon’s CEE business

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THE HAGUE, Netherlands, August 13, 2021–(BUSINESS WIRE)–Today, the European Commission has decided to grant the competition law clearance for the acquisition of Aegon’s businesses in Central and Eastern Europe by Vienna Insurance Group AG Wiener Versicherung Gruppe (VIG).

On November 29, 2020, Aegon agreed to sell its insurance, pension and asset management business in Hungary, Poland, Romania and Turkey to VIG for EUR 830 million.

VIG is in the process of obtaining all approvals from the relevant national authorities.

About Aegon

Aegon’s roots go back more than 175 years – to the first half of the nineteenth century. Since then, Aegon has grown into an international company, with businesses in the Americas, Europe and Asia. Today, Aegon is one of the world’s leading financial services organizations, providing life insurance, pensions and asset management. Aegon’s purpose is to help people achieve a lifetime of financial security. More…

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