D’Ornano Partners has advised the Groupama Group on its acquisition of the entire share capital of OTP Osiguranje, an insurance company owned by the OTP Bank in Croatia. Ivekovic Attorneys at Law reportedly acted as local advisors to Groupama. Schoenherr’s Hungarian office reportedly advised the seller on the deal.
Financial details of the transaction were not disclosed.
According to D’Ornano Partners, the transaction, which remains contingent on regulatory approval, is expected to close in the first half of 2021.
Earlier in 2020 D’Ornano Partners helped Groupama acquire Express Life Bulgaria (as reported by CEE Legal Matters on March 17, 2020).
D’Ornano Partners' team included Founding Partner Francois D'Ornano and Senior Associate Akos Szenczy.
The Ivekovic Attorneys at Law team consisted of Managing Partner Branimir Ivekovic and Associate Paula Kis.
Editor's note: After this article was published, Schoenherr informed CEE Legal Matters that it had advised the OTP Bank on the deal. The firm's team included Partner Gergely Szaloki and Attorneys-at-Law Ivan Einwalter, Vice Mandaric, and Ozren Kobsa.