Vienna Insurance Group Brings the World Bank to Romania's Private Pension Table by Selling a 10% Stake in Carpathia Pensions, the Fourth Largest Private Pension Manager, with over a Million Customers
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Word Bank Group’s IFC is to become shareholder of Carpathia Pensii, a VIG company
The International Finance Corporation (IFC), a member of the World Bank Group signed today in Bucharest an agreement with Vienna Insurance Group (VIG) to acquire approximately 10% of the shares of Carpathia Pensii. A strategic partnership aimed at strengthening Romanians’ trust in private pensions. The majority shareholder of Carpathia Pensii, Vienna Insurance Group, signed […] The post Word Bank Group’s IFC is to become shareholder of Carpath…
Vienna Insurance Group (VIG) has signed an agreement with International Finance Corporation (IFC) to acquire around 10 percent of the common shares in its Romanian pension fund company Carpathia Pensii. The strategic partnership is intended to accelerate the expansion of voluntary private pension provision in Romania. Carpathia Pensii - Societate de Administrare a Fondurilor de Pensii Private S.A., based in Cluj, has been active in the Romanian …
Vienna Insurance Group (VIG) has signed an agreement with International Finance Corporation (IFC), a member of the World Bank Group, through which IFC will...
The International Finance Corporation, a member of the World Bank Group, agrees with the Vienna Insurance Group on a stake in Carpathia Pensii. An agreement under which IFC will take over about ten percent of the common shares in the Romanian pension fund company is signed. The cooperation aims to further develop private pension provision in Romania. The contribution World Bank subsidiary IFC increases at VIG pension fund Carpathia Pensii first …
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