Expected first trading day is 11 November 2022
(PRESS RELEASE) VIENNA, 8-Nov-2022 — /EuropaWire/ — Vienna Insurance Group AG Wiener Versicherung Gruppe (VIE: VIG), one of the largest international insurance groups in Central and Eastern Europe, has announced its application for getting its shares listed on the Budapest Stock Exchange. The insurer has its shares (SIN AT0000908504) already listed on the Vienna Stock Exchange since 1994 and on the Prague Stock Exchange since 2008.
“With this step, we want to attract new investors, especially in Central and Eastern Europe, and also provide a clear signal for the Budapest Stock Exchange“, explains Elisabeth Stadler, CEO of Vienna Insurance Group.
In the course of the acquisition of the Aegon companies in Hungary in March 2022, VIG, together with its existing VIG company Union and a market share of over 19%, became the market leader in Hungary. “As the largest insurance group in Hungary, we also want to use our presence for the capital market and further increase the visibility and liquidity of VIG shares with a listing on the Budapest Stock Exchange”, explains Stadler.
In coordination with the Budapest Stock Exchange, the expected first trading day is 11 November 2022. Ongoing trading is expected to take place in the main segment of the Budapest Stock Exchange, the Equities Prime Market. The Index Committee will deal with a possible inclusion of VIG shares in one of the Budapest Stock Exchange’s indices in the coming months.
Vienna Insurance Group AG Wiener Versicherung Gruppe (VIG) is the leading insurance group both in Austria and in the entire Central and Eastern European (CEE) region. Around 50 insurance companies in 30 countries form a Group with a long-standing tradition, strong brands and close customer relations. The more than 25,000 employees in the VIG take care of the day-to-day needs of more than 22 million customers. VIG shares have been listed on the Vienna Stock Exchange since 1994 and on the Prague Stock Exchange since 2008. The VIG Group has an A+ rating with stable outlook by the internationally recognised rating agency Standard & Poor’s. VIG cooperates closely with the Erste Group, the largest retail bank in Central and Eastern Europe.
If you have any questions, please contact:
VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe
Head of Communication & Marketing
Schottenring 30, 1010 Vienna
Phone: +43 50 390-21029
SOURCE: VIENNA INSURANCE GROUP AG