Vienna Insurance Group increases market share to around 12 percent
In July 2016 Vienna Insurance Group signed a share purchase agreement for acquisition of the non-life company AXA Nezivotno Osiguranje a.d.o. Beograd and life company AXA Zivotno Osiguranje a.d.o. Beograd. The final regulatory approval for the share purchase agreement was granted, and the transaction was closed on 30 November 2016.