Deloitte Legal has advised Hungarian web-based insurance broker Netrisk and its majority shareholder, MCI.EuroVentures 1.0., on Netrisk's acquisition of a 100% stake in Biztositas.hu Biztositasi Alkusz Kft., a Hungarian online insurance agent.
Obtaining a concentration permit from the Hungarian Anti-monopoly Office, which was issued on 12 December 2019, was the prerequisite of the transaction. The transaction was partly funded by a loan granted by Bank Gospodarstwa Krajowego.
Biztostasi Alkusz provides access to an Internet platform that allows customers to compare insurance, banking, and telecom products.
Deloitte Legal's team consisted of Partners Pawel Moskwa, Agnieszka Ziolek, and Karol Kicun, Senior Associate Diana Sofu, and Managing Associate Mariusz Banas.
Deloitte Legal did not reply to our inquiry on the matter.