Acquisition of Skandia Poland
An agreement to acquire 100% of the shares of the Polish life insurance company Skandia Poland was concluded in the autumn of 2013 (subject to approval by the relevant regulatory and antitrust authorities). This greatly expands VIG's portfolio in the area of unit-linked life insurance. It also opens up possibilities for VIG to use its increased distribution capacity to develop new customer groups and consolidate its position as one of the leading insurance companies in Poland.
Expansion in Hungary – acquisition of AXA Biztosító
Toward the end of 2013, VIG concluded an agreement to acquire 100% of the shares of the Hungarian insurance company AXA Biztosító, subject to approval by the relevant regulatory and antitrust authorities. This provides a major expansion in the life insurance segment that offers particular potential in the area of unit-linked products.
Planned entry into the Moldovan market
VIG signed an agreement in January 2014 to acquire an interest of approximately 94% in the insurance company Donaris, headquartered in Moldova (Republic of Moldova). The acquisition is subject to official approval. The planned entry into the Moldovan market will open up the last remaining country in the CEE region and extend the Group's presence to 25 countries.