Jameson Legal

 

Resource

 

 

 

 

 

 

 

 

 

 

 

SNS REAAL sells VIVAT Verzekeringen to Chinese Anbang Insurance Group

19 Feb 2015

De Brauw has assisted SNS REAAL on the EUR 150 million divestment of VIVAT Verzekeringen, formerly known as REAAL, to leading Chinese insurance company Anbang Group Holdings. Anbang has agreed to strengthen VIVAT’s solvency through a capital injection.

REAAL’s divestment was the result of an EC decision following the nationalisation of SNS REAAL in 2013, which the EC considered state aid. In compliance with the EC decision, SNS REAAL initiated an open and transparent auction process. This transaction was interesting because of the close involvement of the European Commission, the Monitoring Trustee, NL Financial Investments (NLFI) as SNS REAAL’s direct shareholder, and the Dutch Minister of Finance.

Core team
Anja Mutsaers, Arne Grimme, Lennart Crain, Okke Suurenbroek, Rufus Abeln, Emre Yildirim, Nienke Louwmans

Matter Type
M&A: Seller's Counsel
Industry
Finance & Banking
News Category
Banking & Finance
M&A