October 16, 2025
Willkie is representing NÜRNBERGER Versicherung, a leading German insurance company, in a business combination agreement with Vienna Insurance Group AG Wiener Versicherung Gruppe (VIG), in which VIG has committed to making a voluntary public acquisition offer to all NÜRNBERGER shareholders and intends to acquire a controlling majority stake in NÜRNBERGER. The offer price will be €120 per NÜRNBERGER share in cash, representing a premium of 173% compared to the undistorted three-month volume-weighted average price of the NÜRNBERGER share and 154% compared to the undistorted XETRA closing price of the NÜRNBERGER share, both as of May 13, 2025, the last trading day before NÜRNBERGER announced its review of strategic options.
NÜRNBERGER will remain an independent company within the VIG Group and will receive extensive investment commitments.
The offer will be subject to customary offer conditions, including regulatory approvals.
The strategic partnership agreement is expected to support NÜRNBERGER with sustainable and profitable growth, leverage diverse synergies, and further expand the market position of both partners in Germany and Central and Eastern Europe (CEE).
The Willkie team is led by partners Georg Linde and David Huthmacher and includes partner David Jansen, counsel Jacob Ahme and associates Denise Klasen and Patrick Kemper.
