Deals

Austria’s VIG to Buy Rival Nuernberger for About $1.6 Billion

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By Eyk Henning and Stephan Kahl

October 16, 2025 at 10:40 PM UTC

Updated on

October 17, 2025 at 7:55 AM UTC

Vienna Insurance Group AG agreed to buy German rival Nuernberger Beteiligungs AG in a €1.4 billion ($1.6 billion) deal, making it the Austrian company’s biggest acquisition.

VIG will pay €120 per share in cash for the insurer, according to a statement on Thursday. The transaction will help VIG diversify its portfolio of eastern European insurers with a well-known brand in Germany.