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Investor Pushes Nurembergers to End Vig Talks
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The activist investor 7Square has asked Nürnberger Beteiligungs-AG to open itself to potential investors other than the Vienna Insurance Group (VIG) for the acquisition of a majority interest. This is evident from a letter from the investor to the Executive Board of Nürnberger, which is available to the insurance monitor. 7Square therefore considers VIG as a majority shareholder unsuitable, shareholders threatened a loss in value. 7Square theref…
The consultancy and investment company 7Square, which is based in Frankfurt am Main, only holds a small share of Nuremberg. However, this is sufficient to exert pressure on corporate management as an activist investor. 7Square believes that Nuremberg is worth more than VIG offers, and urges the German insurers to obtain offers from other interested buyers. Investor 7Square warns against the takeover of Nuremberg by VIG first appeared on insuranc…
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