Acquisition: Moldasig Majority Stake Acquired by VIG (80%)
Vienna Insurance Group (VIG) Becomes Market Leader in Moldova
After a successful public auction, the Vienna Insurance Group (VIG) has acquired an 80% stake in Moldasig S.A., making it the market leader in the Republic of Moldova. The transaction, subject to customary closing conditions, is expected to be completed in the coming days.
VIG's entry into Moldova's insurance market is not a new development. The company has been present in the country since 2014, following the acquisition of the insurance company Donaris. Donaris, currently owned by VIG, serves over 120,000 customers nationwide in Moldova.
The acquisition of Moldasig was first announced by VIG in May 2025. The move is part of VIG's strategy to further strengthen the insurance sector in the Republic of Moldova and enhance stability and risk protection. The company aims to apply its international expertise to these ends.
In the first three quarters of 2025, VIG was able to generate a total premium revenue increase of 11%. This rapid growth, coupled with its latest financial report for the 2023 financial year, which shows strong growth across all segments and lines of business, positions VIG well for its expansion in Moldova.
Peter Hoefinger, Deputy CEO of VIG, expressed positive sentiment towards the acquisition, citing VIG's commitment to the Republic of Moldova and its European integration trajectory. The acquisition includes notification to the Moldovan competition authority.
While the seller of the 80% shares in Moldasig S.A. to the Vienna Insurance Group (VIG) has not been explicitly named, the acquisition marks a significant shift in the Moldovan insurance market. With an estimated market share of around 30%, VIG is poised to play a crucial role in the sector's development.
VIG has shown rapid growth in Turkey, according to its latest financial report breakdown by country across Eastern Europe. This expansion into Moldova is a strategic move to consolidate its position in the region. The company aims to foster a stable and secure insurance market in the Republic of Moldova, ultimately benefiting both consumers and the economy.
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