Vienna Insurance Group

EANS-Adhoc: Vienna Insurance Group accepts the offer to sell its Russian insurance participations

  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this


Vienna Insurance Group entered the Russian insurance market in 2005 by acquiring a minority share (about 25 percent) of the life insurer MSK-Life, which it had then founded together with the Bank of Moscow. Furthermore, the Group holds minority interests in SG MSK (about 5 percent) as well as in SoVita (about 15 percent).

Vienna Insurance Group has now received an offer from its business partners to sell its share in MSK-Life as well as the two other companies. As the Group holds only minor stakes, it seemed appropriate to accept the purchase offer. The parties to the transaction agreed not to disclose the purchase price. The transaction is expected to be concluded by the end of May 2011.

end of announcement                               euro adhoc

Further inquiry note:

Wiener Versicherung Gruppe
1010 Wien, Schottenring 30

Alexander Jedlicka
Public Relations, Spokesperson
Tel.: +43 (0)50 350-21029
Fax: +43 (0)50 350 99-21029

Thomas Schmee
Head of Investor Relations
Tel.: +43 (0)50 350-21900
Fax: +43 (0)50 350 99-21900

Branche: Insurance
ISIN: AT0000908504
Index: WBI, ATX Prime, ATX
Börsen: Prague Stock Exchange / stock market
Wien / official market

Original-Content von: Vienna Insurance Group, übermittelt durch news aktuell

Weitere Meldungen: Vienna Insurance Group

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