Weinhold Legal has advised Czech insurance broker Renomia, a.s. on its acquisition of a majority stake in IMG a.s. Petros Sedlackova Legal advised the selling shareholder.
According to Weinhold Legal, "this key merger will give rise to the creation of the first insurance brokerage firm in the Czech Republic that will surpass 10 billion Czech crowns in terms of administered premiums. A total of 1,500 financial experts are expected to work for the brokerage firm. Presently, IMG a.s. is in charge of administrating a product volume of 400 million Czech crowns."
The Weinhold Legal team was led by Partner Martin Lukas, working with Managing Attorney-at-Law Vaclav Straser.
The PS Legal team consisted of Managing Partners Martin Petros and Sylva Sedlackova.