Schoenherr has advised Allianz-Tiriac on the acquisition of Gothaer Asigurari Reasigurari from the Gothaer Group. Hogan Lovells advised the Gothaer Group on the transaction.
Financial terms of the transaction — which remains subject to the approval of the Financial Supervisory Authority and the Competition Council of Romania — were not disclosed.
Allianz-Tiriac is part of Germany's Allianz group. The Gothaer Group is a Germany-based mutual insurance company offering life, health, and non-life insurance.
Schoenherr's team in Bucharest included Partners Monica Cojocaru and Georgiana Badescu.
