Vienna Insurance Group evaluates majority stake acquisition in NÜRNBERGER
- Vienna Insurance Group (VIG) is considering the acquisition of a controlling majority stake in NÜRNBERGER Beteiligungs-AG (NÜRNBERGER)
- Diversification potential in the special market Germany to support long-term growth strategy in Central and Eastern Europe (CEE)
- Exclusive due diligence agreed
NÜRNBERGER is currently undergoing a transformation process and is in talks with potential strategic partners. As part of these exploratory talks, an exclusive due diligence has been agreed with VIG regarding the potential acquisition of a controlling majority stake of more than 50% in NÜRNBERGER.
“As the market leader in CEE, VIG has always embraced opportunities throughout its Group history. As a major German primary insurer, NÜRNBERGER could contribute to the further diversification of our portfolio. Based on our multi-brand strategy and the local entrepreneurship anchored within our Group, we offer ideal conditions for securing the location and preserving the identity of the strong NÜRNBERGER brand”, explains Hartwig Löger, CEO of VIG.
VIG's strong capitalisation, reflected in a solvency ratio of 261% as of 31 December 2024, forms the basis for the exclusive due diligence, during which a detailed assessment will be carried out.
