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Vienna Insurance Group

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2022

    European Commission finds Hungary’s veto breached merger rules

    Ruling

    The European Commission said Hungary’s veto of VIG’s acquisition of Aegon Group’s Hungarian subsidiaries breached EU merger regulations and ordered Hungary to withdraw the veto by March 18. The Commission said the Hungarian authorities had failed to show that the measure was justified, suitable and proportionate.

    Source excerpt

    • The EC also found “that veto restricted VIG’s right to engage in a cross-border transaction, and the Hungarian authorities failed to show that the measure was justified, suitable and proportionate”.
    • The EC has ordered Hungary to withdraw its veto by March 18.
    • Hungary’s veto of the acquisition of the Hungarian subsidiaries of Aegon Group by Vienna Insurance Group (VIG) is in breach of the European Union’s merger regulations, the European Commission said on Monday.
    Source