EANS-Adhoc: Vienna Insurance Group
Romania: Vienna Insurance Group impairs
goodwill by EUR 75 million
20.08.2013 – 11:40
-------------------------------------------------------------------------------- ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- other/Goodwill 20.08.2013 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. Further inquiry note: VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe 1010 Wien, Schottenring 30 Alexander Jedlicka Head of Public Relations, Spokesperson Tel.: +43 (0)50 390-21029 Fax: +43 (0)50 390 99-21029 E-Mail: alexander.jedlicka@vig.com Nina Higatzberger Head of Investor Relations Tel.: +43 (0)50 390-21920 Fax: +43 (0)50 390 99-21920 E-Mail: nina.higatzberger@vig.com end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: Vienna Insurance Group Schottenring 30 A-1010 Wien phone: +43(0)50 390-21919 FAX: +43(0)50 390 99-23303 mail: investor.relations@vig.com WWW: www.vig.com sector: Insurance ISIN: AT0000908504 indexes: WBI, ATX Prime, ATX stockmarkets: official market: Wien, stock market: Prague Stock Exchange language: English
Original-Content von: Vienna Insurance Group, übermittelt durch news aktuell