Finance
Vienna Insurance Group offers to buy Germany's Nuernberger for $1.61 billion
Published by Global Banking & Finance Review®
Posted on October 16, 2025
1 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on October 16, 2025
1 min readLast updated: January 21, 2026
Vienna Insurance Group offers $1.61 billion for Nuernberger, with major shareholders agreeing to the sale at a 15% premium.
(Reuters) -Vienna Insurance Group (VIG) said late on Thursday it was offering to acquire all shares of German insurer Nuernberger Beteiligungs AG for 1.38 billion euros ($1.61 billion) in cash.
VIG will offer Nuernberger shareholders 120 euros per share, the insurer said in a statement, implying a premium of about 15% to the German firm's last close of 104.5 euros, according to Reuters calculations.
Major shareholders that control around 64.4% of Nuernberger have agreed to put up their shares for sale, while members of its management board confirmed they will tender all shares they hold, VIG added.
Vienna Insurance Group announced in August it was in exclusive due diligence for a potential takeover of a controlling stake in the German company, without specifying a possible price.
($1 = 0.8552 euros)
(Reporting by Gursimran Kaur in Bengaluru; Editing by Shreya Biswas)
An acquisition is a corporate action in which one company purchases most or all of another company's shares to gain control of that company.
In finance, a premium is the amount paid for an insurance policy or the additional cost above the market price of an asset.
A controlling stake refers to owning enough shares in a company to influence its decisions and operations, typically more than 50%.
Cash in finance refers to the physical currency or money held by a company or individual that can be used for transactions.
Due diligence is the process of investigating and evaluating a business or investment opportunity to confirm its financial and operational status before a transaction.
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