VIENNA INSURANCE GROUP AG Seeks Majority Stake in NÜRNBERGER Beteiligungs-AG

VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe (VIG) is exploring the acquisition of a controlling stake in NÜRNBERGER Beteiligungs-AG. Both companies have embarked on an exclusive due diligence process. This move follows NÜRNBERGER's initiative to secure a strategic partner. VIG aims to obtain a majority stake exceeding 50% in NÜRNBERGER. This development was disclosed in compliance with Article 17 of the MAR Regulation (EU) No 596/2014.

The process is expected to evaluate the strategic implications of this potential acquisition. It highlights VIG's intent to expand its market influence. The conclusion of this due diligence will be crucial for deciding whether to proceed with the acquisition.