Assicurazioni Generali S.p.A. announced that it completed the divestiture of its participation in BSI SA to Banco BTG Pactual SA. In line with the agreement executed on July 14, 2014, the final consideration for the sale is CHF 1,248 million, of which approx. CHF 1 billion in cash and the remaining portion in BTG Units listed on the Sao Paulo Stock Exchange.

Generali was advised by a joint team of Homburger and Niederer Kraft & Frey. Heinz Schärer (senior partner, Corporate | M&A) led the Homburger team, which included Hansjürg Appenzeller (partner, Corporate | M&A | Financial Services), Reto Heuberger (partner, Tax), Anna Peter (associate, Corporate | M&A), Stefan Kramer (associate, Financial Services) Andreas Müller (associate, Corporate | M&A) and Vanessa Isler (associate, Financial Services).