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Schoenherr Advises VIG on Takeover of AXA Operations in Romania

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Schoenherr’s Bucharest office has advised Austrian insurer Vienna Insurance Group (VIG) on its acquisition of the Romanian operations of the French group AXA.

The transaction, signed on August 3 in Paris, is the second deal concluded lately between VIG and AXA with the assistance of Schoenherr lawyers following VIG's June 6 takeover of AXA’s Serbian operations. Insurers owned in Romania by the Vienna Insurance Group now include BCR Asigurari de Viata, Asirom, and Omniasig. 

Schoenherr’s team in the Romanian transaction included Partner Markus Piuk, Local Partner Monica Cojocaru, and Attorney at Law Roxana Dobrila.