EXTRAORDINARY INFORMATION - announcement of decisions underpinning the group-level acquisition steps of CIG Life Insurance Plc. (6)
2026. 10. 15.
CIG Life Insurance Private Limited Company (registered office: H-1097 Budapest, Könyves Kálmán körút 11.B, company registration nr.: 01 10 045857, hereinafter referred to as Company) previosuly informed1 its Esteemed Shareholders and the other participants of the capital market that the Board of Directors taking into account our goals set at the end of the 2025 business year, according to which “… we are ready to search for acquisition targets in order to ensure our growth and, if positive, to acquire these targets2” – from its own resources decided to establish branches in the Czech Republic and the Slovak Republic in accordance with its regional strategic priority at group level3 in order to facilitate its life and non-life insurance activities (market entry), which will contribute to its ability to carry out professional insurance activities in these countries.
As a further result of the process, on 15 October 2026, according to the information provided by the Hungarian National Bank in Section 280 (1) of Act LXXXVIII of 2014 on Insurance Activities, in the procedure for establishing an insurance branch of CIG Life Insurance Plc., the Czech National Bank in the Czech Republic and the Slovak supervisory authority in Slovakia (National Bank of Slovakia) registered its branch.
CIG Life Insurance Plc.
Management Board
1 https://www.bet.hu/newkibdata/129480413/Announcement%20of%20decisions%20underpinning%20the%20group-level%20acquisition%20steps%20of%20CIG%20Pann%C3%B3nia%20Life%20Insurance%20Plc..pdf
2 2025. General Meeting Agenda point 3.: https://www.bet.hu/newkibdata/129426133/1_CIG_20260420_Summary%20Of%20The%20Submissions%20Of%20The%20GM_EN_Final.pdf
3 Together with CIG Pannónia First Hungarian General Insurance Co. Ltd.
