Wolf Theiss has advised the EBRD on its acquisition of a stake in Bulgaria’s Euroins Insurance Group for EUR 30 million. As part of the same deal, KGM Law reportedly advised Eurohold, the parent company of Euroins, on a EUR 12 million equity injection.
Euroins Insurance Group is one of the largest independent non-life insurance groups in central, eastern, and south-eastern Europe.
According to the EBRD, “the funds will be used for the development and growth of the largest insurance entity within the group, Euroins Romania Asigurare Reasigurare.”
The Wolf Theiss team included Managing Partner Anna Rizova, Partners Richard Clegg and Katerina Kraeva, Consultants Irina Dekova and Radena Tsvetanova, Counsels Hristina Dzhevlekova and Katerina Novakova, Associates Nikoleta Ratcheva and Kristian Yabalkarov, and Legal Trainee Ivan Ivanov.