Cuatrecasas, Gonçalves Pereira advises Mutua Madrileña on the acquisition of the non-life insurance business of Banca Civica and Banco de Valencia for €240 million

2013年7月29日

This new transaction is a very significant step forward in the banking and insurance sector
This new transaction is a very significant step forward in the banking and insurance sector

The transaction was worth €240 and will imply a €80-million profit for Caixabank

 

 

SegurCaixa Adeslas, a group in which Mutua Madrileña holds a 50% interest and VidaCaixa 49.9%, is to incorporate the insurance business of Banca Cívica and Banco de Valencia. Cuatrecasas, Gonçalves Pereira advised Mutua Madrileña on the transaction.

 

 

The boards of directors of Mutua Madrileña and Caixabank ratified this transaction by signing an agreement. They have informed the National Securities and Exchange Commission (CNMV) that the contracts will be signed in September.

 

 

The transaction was led by partners Eduardo Ramírez and Alfonso Reina and the corporate team in Madrid. Cuatrecasas, Gonçalves Pereira had already advised Mutua Madrileña on acquiring 50% of SegurCaixa Adeslas, and this new transaction is a very significant step forward in the banking and insurance sector.

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