Vienna Insurance Group Submits Bid to Acquire Majority Stake in Moldova’s Leading Non-Life Insurer MOLDASIG

Vienna Insurance Group Submits Bid to Acquire Majority Stake in Moldova’s Leading Non-Life Insurer MOLDASIG

(IN BRIEF) Vienna Insurance Group (VIG) has submitted a bid to acquire 80% of MOLDASIG S.A., one of Moldova’s leading non-life insurance companies, as part of a multi-stage process initiated by the Moldovan government. With a market share of approximately 14%, Moldasig provides a full range of non-life insurance products to individuals and businesses. VIG, which has been active in the Moldovan market since 2014, would become the clear market leader with a projected market share of 30% following the acquisition. The Moldovan National Bank has approved VIG as a potential buyer, and the transaction is awaiting final approval.

(PRESS RELEASE) VIENNA, 19-May-2025 — /EuropaWire/ — Vienna Insurance Group (VIG) has submitted a bid to acquire 80% of the shares of MOLDASIG S.A. (Moldasig), one of Moldova’s leading non-life insurance companies, following an invitation from the Government of the Republic of Moldova. This strategic acquisition aims to strengthen stability and enhance excellence in the country’s risk protection sector.

With a market share of approximately 14%, Moldasig, based in Chișinău, offers a wide range of non-life insurance products to both individual and corporate clients. This acquisition marks an important milestone in VIG’s growth strategy in the region.

The transaction follows a multi-stage bidding process initiated by the Moldovan state, which took over 80% of Moldasig’s shares. Peter Höfinger, Deputy CEO of VIG and the Board Member responsible for Moldova, commented, “We welcome the government’s decision to attract international investors to accelerate the local economy. As the market leader in Central and Eastern Europe, VIG brings deep expertise that will take insurance protection to the next level. Moldova’s economy has become increasingly attractive, and with this planned investment, we express our trust in Moldova’s EU accession path and aim to further develop the local insurance market for the benefit of our customers.”

VIG has had a presence in Moldova since 2014 when it acquired the insurance company Donaris, which now serves over 120,000 clients. Should the acquisition of Moldasig proceed, VIG would become the clear market leader in Moldova, with an estimated market share of around 30%. The Moldovan National Bank has already approved VIG as a potential buyer of Moldasig, and the transaction is now awaiting final approval.

Vienna Insurance Group (VIG) is the leading insurance group in the entire Central and Eastern European (CEE) region. More than 50 insurance companies and pension funds in 30 countries form a Group with a long-standing tradition, strong brands and close customer relations. Around 30,000 employees in VIG take care of the day-today needs of around 33 million customers. VIG shares have been listed on the Vienna Stock Exchange since 1994, on the Prague Stock Exchange since 2008 and on the Budapest Stock Exchange since 2022. 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.

Disclaimer
This press release contains forward-looking statements that concern future developments in Vienna Insurance Group (VIG). These statements are based on current assumptions and forecasts made by the management. Changes in general economic developments, future market conditions, capital markets and other circumstances could result in actual events or results differing significantly from these forward-looking statements. The VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe assumes no obligation to update these forward-looking statements or modify them based on future events or developments.

Media Contact:

Karin Kafesie
Schottenring 30, 1010 Vienna
Phone: +43 50 390-21211
mailto: karin.kafesie@vig.com

SOURCE: VIENNA INSURANCE GROUP AG