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Hungary’s Surprise Veto of $1B Aegon Deal with Vienna Insurance Sparks Dutch Outcry By Veronika Gulyas and Alberto Nardelli | April 20, 2021
The Dutch government has raised concerns with Hungarian officials after a decision in Budapest to block the sale of Aegon NV’s local unit to Vienna Insurance Group AG, according to several people familiar with the matter.
The issue was communicated through diplomatic channels, the people said, asking not to be identified to discuss confidential proceedings. Both Dutch and Hungarian authorities declined to comment, as did Aegon and Vienna Insurance.
Hungary this month refused to approve the key part of an 830 million-euro ($1 billion) sale of Aegon’s central and eastern European operations to Vienna Insurance. While governments across Europe routinely block deals to prevent market monopolies, save jobs or for national-security reasons, the Orban administration’s intervention raised concern because i