CMS has advised insurance company Generali on the acquisition of entities from the Concordia Ubezpieczenia Group, which reportedly was represented by DLA Piper.
Under the concluded preliminary agreements, the Generali Group intends to take full control over Concordia Capital SA, a Polish insurance company offering life insurance, and Concordia Polska TUW, which offers non-life insurance.
The closure of the transaction is contingent on the consent of the Office of Competition and Consumer Protection and the Polish Financial Supervision Authority.
The CMS team was supervised by Partner Marek Sawicki and Managing Partner Malgorzata Surdek and led by Senior Associate Julita Mazurkiewicz, working with the support of Senior Associate Grzegorz Paczek. Counsel Ewa Swiderska, who leads the office's Insurance team, was responsible for the regulatory part of the project.
DLA Piper did not reply to inquiries on the matter.