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VIG strengthened its control over Moldasig

Vienna Insurance Group (VIG) acquired through direct negotiations 30,000 shares (5%) for a total amount of 10.8 million lei owned by the state-owned enterprise Calea Ferată din Moldova in Moldasig S.A. company, - reports Logos Press.
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VIG strengthened its control over Moldasig

The price per share is 360 lei per unit. This acquisition completed a series of deals made by VIG in recent months. In August, the group acquired 80% of Moldasig’s share capital, buying 480,000 shares for 138.81 million lei. In September, VIG also bought the stake put up for sale by the liquidated Banca de Economii S.A. – The 61,200 shares were sold at a public auction at a price of 289.20 lei per unit. The value of the transaction amounted to 17,699,040 lei.

Thus, Moldasig has only two shareholders left: Vienna Insurance Group – 95.2% of shares, and Poșta Moldovei – 4.8%.

Vienna Insurance Group has been present on the Moldovan market since 2014 through Donaris, which serves more than 120,000 clients.

VIG brings together more than 50 insurance companies and pension funds in 30 countries, managing a portfolio of 33 million clients and with about 30,000 employees. The Group is listed on the stock exchanges in Vienna (since 1994), Prague (2008) and Budapest (2022), is rated A+ with a stable outlook by Standard & Poor’s and works closely with Erste Group, the largest retail bank in Central and Eastern Europe.


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