Bloomberg News

Vienna Insurance Drops Second Day as Greece Aid Optimism Wanes

February 21, 2012

Feb. 21 (Bloomberg) -- Vienna Insurance Group AG slid for a second day, leading Czech shares down, as speculation a Greek bailout deal won’t solve the nation’s debt crisis hurt demand for riskier assets in Europe.

The Austrian company slid 1 percent to 853 koruna by 11:59 a.m. in Prague, adding to a 1.8 percent drop yesterday. The PX equity index, where VIG has a 13 percent weighting, retreated 0.2 percent to 1,016.60.

--Editors: Linda Shen, Peter Branton

To contact the reporter on this story: Krystof Chamonikolas in Prague at kchamonikola@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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