"In the coming months, work will be carried out on merging the two insurance companies in Austria. The brand D.A.S. remains on the Austrian market to underline its positioning as a legal protection specialist", D.A.S. announced in a statement.
The transaction is still subject to approval by the national supervisory authority. In a second step, the two companies are to be merged in 2023 to further expand ERGO's market position in the core market of Austria.