21 January 2015
Generali acquires EUR 1.2 billion remaining stake in its Central and East European business
De Brauw assisted Generali in taking full control of Generali PPF Holding B.V. (GPH) by acquiring the remaining 24% minority shareholding held by PPF Group. The price for this tranche was well over EUR 1.2 billion.
GPH was a 51/49 joint venture of Generali and PPF Group, and is one of the largest insurers in the CEE region and Generali's fourth largest market with 3.5 billion in premiums and over 11 million customers. De Brauw also assisted Generali in re-negotiating the joint venture and the first acquisition of 25 percent of the shares in GPH from PPF in 2013.
GPH was a 51/49 joint venture of Generali and PPF Group, and is one of the largest insurers in the CEE region and Generali's fourth largest market with 3.5 billion in premiums and over 11 million customers. De Brauw also assisted Generali in re-negotiating the joint venture and the first acquisition of 25 percent of the shares in GPH from PPF in 2013.