In May 2025, VIG Group announced its intention to acquire Moldasig after long negotiations and its “sterilization” of assets once owned by disgraced oligarch Veaceslav Platon. Yesterday, August 25, the deal took place. Being the only applicant that received the approval of the National Bank for the acquisition of newly issued shares, VIG signed a sale and purchase agreement with the Moldovan government.
Peter Höfinger, Vice Chairman of the Board of Directors of VIG and responsible for the Republic of Moldova market, said: “With this investment we demonstrate our firm commitment to contribute to the development of the local economy by strengthening the insurance market. We are confident of the country’s success on the road to European Union accession and will bring our experience to enhance stability in the field of risk protection”.
The share transfer will be finalized in the coming days and the transaction will be registered with the Moldovan antimonopoly authority.
“This sale marks an important step for the consolidation of the insurance sector and the development of the national economy. The involvement of a strategic investor, such as Vienna Insurance Group, guarantees financial stability, modern services and direct benefits for citizens and the business environment. The process was conducted in a competitive and transparent manner,” said Roman Cojuhari, Director General of the State Property Agency.
Vienna Insurance Group, being one of the largest international insurance groups in Central and Eastern Europe, has been present on the Moldovan market since 2014, participating in the capital and management of IC “Donaris”. Now VIG unites more than 50 insurance companies and pension funds in 30 countries, managing a portfolio of 33 million clients with an annual turnover of 15 billion €. The Moldovan asset cost the Austrian insurer a “ridiculous” price – 138,81 million lei, which is more than twice lower than the net asset value of the insurance company Moldasig.
