Vienna Insurance Group AG Wiener Versicherung Gruppe (VIG) has applied for listing of its shares on the Budapest Stock Exchange. The shares of VIG (ISIN AT0000908504) have been listed on the Vienna Stock Exchange since 1994 and on the Prague Stock Exchange since 2008.
"With this step, we want to attract new investors, especially in Central and Eastern Europe, and also provide a clear signal for the Budapest Stock Exchange", explains Elisabeth Stadler, CEO of Vienna Insurance Group.
In the course of the acquisition of the Aegon companies in Hungary in March 2022, VIG, together with its existing VIG company Union and a market share of over 19%, became the market leader in Hungary. “As the largest insurance group in Hungary, we also want to use our presence for the capital market and further increase the visibility and liquidity of VIG shares with a listing on the Budapest Stock Exchange”, explains Stadler.
In coordination with the Budapest Stock Exchange, the expected first trading day is 11 November 2022. Ongoing trading is expected to take place in the main segment of the Budapest Stock Exchange, the Equities Prime Market. The Index Committee will deal with a possible inclusion of VIG shares in one of the Budapest Stock Exchange's indices in the coming months.