Wolf Theiss has advised the Swiss Helvetia-Group on the company's purchase of the Basler Versicherungs-Aktiengesellschaft – a subsidiary of the Swiss Baloise Group – in Austria, in the process increasing its capacity in Austria by approximately 50%.
With approval of financial market and competition authorities, the transaction is expected to close in the second half of 2014, and will make Helvetia one of the ten biggest insurance groups in Austria – with a total volume of premiums of about EUR 400 million.
Wolf Theiss's team was led by Partner Claus Schneider, supported by Senior Associate Matthias Schimka. Consultant Christine Siegel advised on supervisory standards, and Counsel Jochen Anweiler addressed antitrust questions.
