Hogan Lovells advised BNP Paribas Cardif in the sale of its 50% + 1 share in the share capital of Cargeas Assicurazioni (CARGEAS), its Italian Non-Life operations.

BNP Paribas Cardif already owned the remaining 50% - 1 share in the share capital and now becomes the only shareholder of Cargeas Assicurazioni.

The transaction, which is subject to regulatory approval, is expected to close before the end of 2017.

Working hand in hand with BNP Paribas Cardif in-house legal team, led by Louis-Philippe Vasconcelos, Head of M&A Legal, Hogan Lovells core team was led by corporate partner Francesco Stella with Silvia Lolli, counsel, for regulatory issues and Nicoletta Spinaci senior associate.