Vienna Insurance takes 94% of Moldovan insurer

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Vienna Insurance Group A.G. officials have confirmed the completion of the acquisition of a 94% stake in Donaris Group, based in Moldova, Xprimm reported.

Nonlife insurer Donaris recorded an 8% year-on-year increase in premiums during 2013. It is the fourth biggest nonlife insurer in the country, holding a market share of 8.5%.

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