5 July 2021

NN Group to acquire MetLife's business activities in Poland and Greece

+ 17 other team members

De Brauw is advising NN Group as lead counsel on this acquisition. NN Group is a Netherlands-based international financial services company active in 20 countries. NN and MetLife announced on 5 July 2021 that they had agreed on NN's takeover of MetLife's Polish and Greek insurance businesses for a total purchase price of EUR 584 million. The acquisition provides NN with the unique opportunity to create a strong platform for future growth in these attractive CEE markets, in which it is already active.

De Brauw has led an international team of lawyers providing NN with extensive support on a wide range of topics. This transaction highlights our experience and expertise in challenging multi-jurisdictional M&A matters. We are pleased to advise NN on this complex matter in a regulated sector and look forward to working with NN's counsel in Poland and Greece, Soltysiński Kawecki & Szlęzak and Koutalidis, to take the transaction to completion.

De Brauw's team of M&A experts led by Pete Lawley, together with Alexandra Tan and Ayse Ozcelik, were supported by:

Corporate M&A: Heather Giannandrea, Yi Duan, Fleur ter Hoeven, Joost Rendering and Rutger van Boxtel

Competition: Bart de Rijke, Zeynep Ortac, Paul Post, Agniezska Bartlomiejczyk, Alain Bruno

FMR: Mariken van Loopik, Tjalling Waterbolk and Hama Othman

Tax: Wiebe Dijkstra and Pim Siemons

Employment: Barbara Kloppert and Max van Geest

IP: Bertrand ter Woort

Click here to read NN Group's press release

The transaction was announced on 5 July 2021.