lawyermonthly 1100x100 oct2024eb sj lawyermonthly 800x90 dalyblack (1)

UNIQA'S EUR 1 Billion Acquisition of AXA Subsidiaries

Reading Time:
< 1
 minutes
Posted: 31st March 2020 by
Jaya Harrar
Last updated 14th September 2021
Share this article

This acquisition results in 5 million new customers and €800 million in additional premiums. The deal closed at an approximate €1 billion.

UNIQA CEO Andreas Brandstetter said: “We have been aware of the AXA companies for a long time; they are an excellent fit with our long-term strategy. Their strong focus on profitable retail business and balanced product mix complement[s] our existing business and make us the number five in the growing Central and Eastern Europe region.”

Schoenherr and Hugh Owen – who advised specifically on the English law aspects of the deal- of Go2Law, advised UNIQA on its acquisition of AXA subsidiaries. Hugh commented: “I was very impressed by the efficiency of the negotiations on the deal and the sensible, no-nonsense discussions.”

Clifford Chance advised AXA on the transaction, which remains subject to regulatory approvals.

About Lawyer Monthly

Lawyer Monthly is a news website and monthly legal publication with content that is entirely defined by the significant legal news from around the world.