Dentons has advised the Vienna Insurance Group on the sale of 45% stakes in the Hungarian Aegon Group and Union Insurance Company to Hungarian state-owned Corvinus Nemzetkozi Befektetesi. CMS advised the Hungarian state.
According to Dentons, “as a result of the transaction, Corvinus acquired a non-controlling minority interest of 45% in Hungarian Aegon Group (including insurance, asset management, pension fund, and service companies) and Union Insurance Company. VIG retains a controlling majority interest of 55% of both – Aegon and Union.”
Dentons’ team included Partners Istvan Reczicza, Gabor Kiraly, and Annamaria Csenterics, Of Counsel Theodore Boone, Associates Nora Jakab and Brigitta Kovacs, and Junior Associate Kinga Kovacs.
CMS's team included Managing Partner Erika Papp, Partners Aniko Kircsi, Eva Talmacsi, and Szabolcs Szendro, Senior Counsels Zoltan Poronyi and Szilva Kabacs, Senior Consultant Arpad Lantos, and Senior Associate Sandor Kovacs.
