ROMANIA: VIG impairs goodwill by EUR 75 million

23 August 2013 —
In view of the continuing difficult situation in the Romanian insurance market, the management of Vienna Insurance Group has revised its assessment of the medium-term development opportunities in Romania. In line with the Group's traditionally cautious valuation policy an extraordinary mid-year impairment test of the goodwill of the segment Romania non-life was made, based on current data of the first six months of 2013. This test leads management to effect an impairment in the size of EUR 75 million.

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ROMANIA: VIG impairs goodwill by EUR 75 million
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