Significant events after the balance sheet date
2 February 2011 saw the closing of the acquisition by the Vienna Insurance Group of another approximately 10% of Ray Sigorta A.Ş. An agreement to that effect had already been signed between VIG and Dogan Sirketler Grubu Holding S.A. in 2010. By this transaction, the Vienna Insurance Group’s share in the Turkish non-life insurance company rises to around 94.3%.
At the end of February 2011, the rating agency Standard & Poor’s confirmed its existing A+ rating, with a stable outlook, for VIG Holding.
Research & development
The VIG does not engage in any research and development activities.