M&A Deal Summary

Vienna Insurance Group Acquires AXA Nezivotno Osiguranje a.d.o.

On July 7, 2016, Vienna Insurance Group acquired insurance company AXA Nezivotno Osiguranje a.d.o. from AXA

Acquisition Highlights
  • This is Vienna Insurance Group’s 5th transaction in the Insurance sector.
  • This is Vienna Insurance Group’s 2nd transaction in Serbia.

M&A Deal Summary
Date 2016-07-07
Target AXA Nezivotno Osiguranje a.d.o.
Sector Insurance
Buyer(s) Vienna Insurance Group
Sellers(s) AXA
Deal Type Divestiture

Target

AXA Nezivotno Osiguranje a.d.o.

New Belgrade, Serbia
AXA Nezivotno Osiguranje a.d.o. is a provider of non life insurance products and services. The company was incorporated in 2011 and is based in New Belgrade, Serbia.

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Buyer(S) 1

Buyer

Vienna Insurance Group

Vienna, Austria
Category Company
Founded 1824
Sector Insurance
Employees30,130
Revenue 11.6B EUR (2023)
DESCRIPTION

Vienna Insurance Group is well established in all lines of business and thus offers a comprehensive customer-oriented portfolio of products and services with around 50 Group companies and around 25,000 employees in 25 countries. Vienna Insurance Group was incorporated in 1824 and is headquarters in Vienna, Austria.

DEAL STATS #
Overall 6 of 11
Sector (Insurance) 5 of 10
Type (Divestiture) 2 of 4
Country (Serbia) 2 of 2
Year (2016) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-07 AXA zivotno osiguranje a.d.o

Novi Sad, Serbia

AXA zivotno osiguranje a.d.o is a provider of retail banking services in Serbia. Company offers accounts, electronic banking services, loans, savings accounts, overdrafts, payment cards, and safety deposit boxes for private individuals.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-04 AXA Life Insurance S.A.

București, Romania

AXA Life Insurance S.A. is a provider of life insurance services. Company provides commercial insurance for small and medium-sized enterprises; and automobile insurance, motorcycle insurance, and pet insurance.

Buy -

Seller(S) 1

SELLER

AXA

Paris, France
Category Company
Founded 1852
Sector Insurance
Employees94,705
Revenue 93.1B EUR (2022)
DESCRIPTION

AXA is a provider of financial protection and asset management services primarily in western Europe, North America, the Asia Pacific region, the Middle East, and Africa. The Company offers a range of life and savings products, including individual and group savings retirement products, life and health products. Property & Casualty segment includes a range of products, including motor, property and general liability insurance for both personal and commercial customers. AXA was founded in 1852 and is based in Paris, France.

DEAL STATS #
Overall 9 of 15
Sector (Insurance) 8 of 13
Type (Divestiture) 8 of 14
Country (Serbia) 2 of 2
Year (2016) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-07 AXA zivotno osiguranje a.d.o

Novi Sad, Serbia

AXA zivotno osiguranje a.d.o is a provider of retail banking services in Serbia. Company offers accounts, electronic banking services, loans, savings accounts, overdrafts, payment cards, and safety deposit boxes for private individuals.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-04 AXA Life Insurance S.A.

București, Romania

AXA Life Insurance S.A. is a provider of life insurance services. Company provides commercial insurance for small and medium-sized enterprises; and automobile insurance, motorcycle insurance, and pet insurance.

Sell -
Mergr

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