Moldasig Becomes Target for VIG's Strategic Expansion in Moldova
Deal News | May 19, 2025 | Re-Insurance News
Vienna Insurance Group (VIG) has submitted a bid to acquire 80% of the shares in MOLDASIG S.A., a leading Moldovan non-life insurance company. This proposed acquisition is part of a strategic move to enhance VIG's market position in Moldova, increasing its market share to approximately 30%. Moldasig is a significant player in the Moldovan insurance industry, holding a 14% market share. The Moldovan government initiated a multi-stage bidding process to enhance the insurance sector's competitiveness and stability, and invited VIG's participation, which was subsequently approved by the Moldovan National Bank. Peter Höfinger, VIG's Deputy CEO, highlighted the importance of the acquisition in aligning with Moldova's economic growth and its aspirations towards EU accession. This acquisition demonstrates VIG's commitment to fostering local economic development and strengthening its presence across the CEE region.
Sectors
- Insurance
- Financial Services
Geography
- Moldova – The primary focus of the article is on Moldasig, a leading non-life insurance company in Moldova.
- Austria – Vienna Insurance Group, the acquiring company, is based in Austria and seeks to expand its influence in the Moldovan market.
Industry
- Insurance – The article is centered around an acquisition in the insurance sector, specifically non-life insurance products offered by Moldasig.
- Financial Services – The involvement of Vienna Insurance Group, an established financial entity in the Central and Eastern European region, emphasizes the financial services industry's part in the transaction.
Financials
- 80% – VIG is seeking to acquire an 80% stake in MOLDASIG S.A.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| MOLDASIG S.A. | Target Company | Company | Moldasig is one of Moldova's leading non-life insurance companies with a market share of around 14%. |
| Vienna Insurance Group (VIG) | Bidding Company | Company | VIG, an established insurance company in Central and Eastern Europe, is seeking to acquire 80% of Moldasig. |
| Government of the Republic of Moldova | Vendor | Government | The government initiated the multi-stage bidding process for selling 80% of Moldasig's shares. |
| Moldovan National Bank | Regulatory Authority | Government | Approved VIG as a potential buyer of MOLDASIG S.A. |
| Peter Hfinger | Deputy Chief Executive Officer of VIG | Person | Responsible board member for VIG regarding the intended acquisition in Moldova. |