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Vig to Plan to Sell Nuremberg Subsidiary
Summary by Herbert Frommes Versicherungsmonitor
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The Vienna Insurance Group (VIG) intends to sell the Nuremberg subsidiary Fürst Fugger Privatbank as soon as the takeover of the insurer has taken place. This is reported by the news agency Bloomberg. However, the decision is not yet final. There is already a price concept. VIG evaluates the institute, which mainly takes care of very wealthy customers, with 120 million euros, according to the Bloomberg article. Since the Fürst Fugger Privatbank …
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