24
Sun, Nov
57 New Articles

Wolf Theiss Advises VIG on Increasing Stake in VIG Magyarorszag to 90%

Wolf Theiss Advises VIG on Increasing Stake in VIG Magyarorszag to 90%

Hungary
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Wolf Theiss has advised the Vienna Insurance Group on the increase of its stake in Hungarian holding company VIG Magyarorszag from 55% to 90%, by acquiring the extra stake from Hungarian state holding company Corvinus. PK & Partners reportedly advised Corvinus.

The transaction remains contingent on regulatory approval.

According to Wolf Theiss, the “Vienna Insurance Group acquired the Hungarian companies owned by the Dutch group Aegon. The holding company VIG Magyarorszag Befektetesi was then established to manage the Hungarian VIG companies, in which Corvinus International Investments, an investment management company of the Hungarian state, holds a 45% stake. Once the transaction is completed, VIG’s stake in the Holding will increase from 55 to 90%. Corvinus will continue to keep a 10% stake in the Hungarian holding company.”

The Wolf Theiss team included Partners Horst Ebhardt and Janos Toth, Counsel Melinda Pelikan, Senior Associate Lukas Ploesch, and Associates Kinga Kajcsos and Laszlo Lovas.

Wolf Theiss at a Glance

With over 360 lawyers in 13 countries, over 80% of the firm’s work involves cross-border representation of international clients. We have concentrated our energies on a unique part of the world: the complex, fast-developing markets of the CEE/SEE region. Through our international network of offices, we work closely with our clients to develop innovate solutions that integrate legal, financial, and business know-how.

Wolf Theiss provides fully integrated corporate services in mergers and acquisitions, private equity, real estate, banking and finance, tax and insurance, employment law, competition law, energy law, privatisation, restructuring, public procurement and litigation. At Wolf Theiss, we measure our success by the success of our clients. We align our goals with yours to ensure that your needs are being met in even the most complex of cross-border matters. This means that we know how to listen to you and help you use the assets you already have while finding opportunities.

Firm's website:

Wolf Theiss – Leading Lawyers in CEE/SEE