News
EXTRAORDINARY INFORMATION - announcement of decisions underpinning the CIG Pannónia Life Insurance Plc. Group’s Acquisition Initiatives (4)
2026. 07. 16.

CIG Pannonia 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 informed[1] 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 targets[2]” – 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 level[3] 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.

In this announcement, we hereby state that the Company’s Management Board has approved, in accordance with preliminary plans and on schedule, YOUPLUS Assurance AG (headquartered at Austrasse 14, 9495 Triesen, Liechtenstein, registration number: FL-0002.038.147-0, hereinafter referred to as “YOUPLUS”) for the acquisition of its Czech and Slovak insurance business, the terms of which were negotiated and finalized at the expert level (BPA); the agreement was signed by the contracting parties today, July 15, 2026, in Prague.

As a result of the BPA signed today Company – following regulatory approval – is attend to enter the Czech and Slovak markets, for which YOUPLUS portfolio will provide stability.

 

CIG Pannonia Life Insurance Plc.

Management Board


[3] Together with CIG Pannónia First Hungarian General Insurance Co. Ltd.