Sale of shares in Bank Austria Creditanstalt Versicherung
In the course of acquiring Erste Group’s insurance operations, the Vienna Insurance Group sold its shares (60.54%) in Bank Austria Creditanstalt Versicherung to the ERGO Insurance Group. Acquisition of these shares was approved by the European Commission on 19 September 2008, following its simplified procedure.
The Vienna Insurance Group is now positioned in the Austrian market with the following companies:
- Wiener Städtische Versicherung AG Vienna Insurance Group
- Donau Versicherung AG Vienna Insurance Group
- Sparkassen Versicherung AG Vienna Insurance Group1
1 New company name subject to approval by the appropriate executive bodies of the Company and registration of the amendment to the articles of association by the local authorities.
