The Hungarian Government withdraws veto over acquisition of a national insurer by an Austrian rival (AGEON / Vienna Insurance Group)

Hungary has withdrawn a 2021 veto against the acquisition of AGEON’s Hungarian subsidiary by Vienna Insurance Group AG (“VIG”). The veto was issued by the Ministry of the Interior under national emergency FDI legislation introduced to address the COVID-19 pandemic while the European Commission’s investigation of the concentration was ongoing. The

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Laura Lehoczky-Deckers, The Hungarian Government withdraws veto over acquisition of a national insurer by an Austrian rival (AGEON / Vienna Insurance Group), 21 February 2022, e-Competitions August 2022, Art. N° 107735

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