Divjak Topic Bahtijarevic & Krka has advised Allianz on the sale of its 11.72% stake in Zagrebacka Banka to the UniCredit Group and on Allianz Holding Eins’ purchase of Zagrebacka Banka’s 16.84% stake in insurance company Allianz Croatia. Schoenherr reportedly advised UniCredit on the transactions.
Allianz is an insurer and asset manager. Zagrebacka Banka, a Croatian bank, is part of the UniCredit Group.
According to DTB, “with these two deals, Unicredit and Allianz strengthened their positions in the Croatian banking market and reinforced their long-standing and highly successful bancassurance partnership.”
DTB’s team included Senior Partner Damir Topic and Attorneys Dina Salapic and Dominik Glavina.
