Vig Takes over Nürnberger Versicherung for 1.4 Billion Euros

der Standard AT

ORF.at News

View article

Reposted by

ORF.at News

Lean Left

Factuality

Ownership

Vienna Insurance Group offers 120 euros per share. VIG is the largest acquisition of its history

Versicherungswirtschaft-heute

Factuality

Ownership

The deal opened at the beginning of the week. On the night of Friday, Nuremberger and VIG announced that the merger agreement had been signed after the due diligence had been concluded. VIG's purchase price for the acquisition of the affected Nürnberger Group is up to EUR 1.38 billion. The mark and locations of the Swiss franc are to be retained. Nürnberger is to be taken from the stock exchange. Nürnberger and VIG sign the merger agreement firs…

boerse-social.com

Factuality

Ownership

As already published, VIG wants to achieve a controlling majority in Nürnberger Beteiligungs AG and has decided to offer the shareholders of the company 120.00 per Nürnberger share by means of a voluntary public offer. This means that the price is higher than the EUR 115.0 colported by Nuremberger at the beginning of the week. The offer of EUR 120.0 per share is valued by Nuremberger at EUR 1,382 million for 100 percent of the share capital. Acc…

Herbert Frommes Versicherungsmonitor

Factuality

Ownership

Now it went very fast: the Nurembergers and the Vienna Insurance Group (VIG) signed a merger agreement, as the two companies announced on Thursday evening shortly before midnight. VIG undertakes to make an offer of more than 120 euros per share to all shareholders of Nuremberg. VIG has already concluded irrevocable agreements with shareholders on the purchase of its shares, which secure more than 60 percent of its shares. The Nurembergers are to…

Salzburger Nachrichten

Factuality

Ownership

The Vienna Insurance Group (VIG) buys the German Nürnberger Versicherung by up to 1.38 billion euros. The VIG, which is particularly well-known with the Vienna City Council, offers 120 euros per share of Nürnberger Beteiligungs-AG, the insurer's listed holding company, as the parties announced on Friday night. It has already secured 64.4 percent of the shares from the major shareholders.