Schoenherr and Hugh Owen of Go2Law have advised UNIQA on its acquisition of AXA subsidiaries in the Czech Republic, Poland, and Slovakia for a purchase price of around EUR 1 billion. Clifford Chance advised AXA on the transaction, which remains subject to regulatory approvals.
According to Schoenherr, “through this transaction, UNIQA Insurance Group, one of the leading insurance groups in its core markets of Austria and CEE, has acquired life and non-life insurance companies, investment firms, pension funds, and service companies from the AXA Group, a world-leading insurance and asset management group. UNIQA gains five million customers, 2,100 employees, and EUR 800 million in premiums across the three countries, which makes UNIQA the fifth-largest insurance group in CEE.”
Schoenherr’s team included, in Vienna, Partners Alexander Popp, Volker Weiss, Hanno Wollmann, and Peter Feyl, Associate Alexander Gruber, and Attorney Gregor Petric; in Prague, Partner Vladimir Cizek and Attorney Jitka Kadlcikova; in Bratislava, Partner Sona Hekelova; and in Warsaw, Partner Pawl Halwa and Counsel Krzysztof Pawlak.
Clifford Chance's team included, in Poland, Partners Marcin Bartnicki and Andrzej Stosio, Counsels Tomasz Derda, Nick Fletcher, Marta Bieniada, Krzysztof Hajdamowicz, Tomasz Szymura, and Iwona Terlecka, and Senior Associates Lukasz Maminski and Marta Matynia; in the Czech Republic, Senior Associates Stanislav Holec and Vladimir Rylich; in France, Partner Mathieu Remy and Counsel Pierre-Benoit Pabot du Chatelard; in Belgium, Partner Anastasios Tomtsis and Senior Associate Katharine Missenden; and in the UK Partner Nicholas Mace and Senior Associate Robert Sharpe.
Editor's note: This article was updated to reflect the full team composition of Clifford Chance's team.