Schoenherr has advised UNIQA Insurance Group AG (“UNIQA”) on the sale of its Italian insurance company UNIQA Assicurazioni SpA (“UNIQA Assicurazioni”) to the Italian mutual insurance company Società Reale Mutua di Assicurazioni for a consideration of EUR 295m. The sale includes UNIQA Assicurazioni and its subsidiaries operating in Italy – UNIQA Previdenza SpA and UNIQA Life SpA. The closing of the transaction is expected to take place in the first half of 2017 following the receipt of all necessary regulatory approvals.

 

The Schoenherr team advising UNIQA consisted of Alexander Popp (partner, corporate/m&a), Peter Feyl (partner, banking, finance & capital markets), Robert Bachner (partner, corporate/m&a), Manuel Ritt-Huemer (attorney at law, corporate/m&a), Alfred Amann (associate, corporate/m&a), and Marco Thorbauer (associate, corporate/m&a and tax).

UNIQA was supported on Italian legal aspects by the law firm Legance, while KPMG Corporate Finance Italy and Unicredit were financial advisers to UNIQA.

Società Reale Mutua di Assicurazioni was assisted by Tosetto, Weigmann e Associati as legal counsel and BNP Paribas as financial adviser.