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Vienna Insurance Group completes merger of 2 Czech units

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Vienna Insurance Group completes merger of 2 Czech units

Vienna Insurance Group AG has completed the merger of its Czech bancassurance business Pojišťovna České spořitelny a.s. with local company Kooperativa Pojistovna a.s.

The merger, which took effect Jan. 1, is the latest in a series of mergers aimed at driving growth in the bancassurance business.