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Vienna Insurance Group acquires 20% stake in German startup

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Vienna Insurance Group acquires 20% stake in German startup

Vienna Insurance Group AG acquired a 20% stake in startup ViveLaCar GmbH.

The transaction is part of ViveLaCar's planned expansion into Austria and Switzerland, which includes the formation of subsidiary ViveLaCar Wien GmbH.

Germany-based ViveLaCar provides a digital car subscription platform for expatriates and companies.