Austria's Vienna Insurance Group (VIG) has acquired a controlling stake in the insurance company Moldasig at a public auction
The sale took place on Monday, August 25, in the form of an open auction with an increase in bids on the regulated market of the Moldovan Stock Exchange. VIG, the leader in the insurance market in Central and Eastern Europe, acquired 480,000 shares, which constitutes 80% of the share capital of Moldasig, for 138.81 million lei (7.1 million euros). The sale and purchase agreement was signed on the same day, and the transfer of shares will be completed in the coming days, followed by registration with the Competition Council. The transaction was the largest on the country's insurance market in recent years. "This investment demonstrates our strong commitment to supporting Moldova. We are confident in the country's European course and are ready to contribute to the development of the local economy by strengthening the insurance market," said Peter Höfinger, Vice President of the VIG Management Board, responsible for Moldova. Director of the Public Property Agency Roman Cojuhari noted that the involvement of Vienna Insurance Group ensures financial stability, the introduction of modern services and direct benefits for citizens and businesses. VIG has been present in Moldova since 2014 through Donaris, in which it owns 99.99% of the shares, the company serves more than 120 thousand clients. The group's global portfolio covers 33 million clients in 30 countries, uniting more than 50 insurance companies and pension funds, with a staff of about 30 thousand people. The Public Property Agency notes that Moldasig, which ranks 3rd on the market with a share of 14.36% and more than 160 thousand clients, will gain access to the international expertise and resources of the group, which should contribute to the modernization and further growth of the insurance sector in Moldova.//25.08.2025 – InfoMarket.
