Greenberg Traurig has advised HDI International and the Meiji Yasuda Life Insurance Company on the acquisition of the remaining shares in Towarzystwo Ubezpieczen Europa from Getin Holding and the Getin Noble Bank. Domanski Zakrzewski Palinka reportedly advised the sellers.
TU Europa has operated for more than 25 years, offering its customers a variety of insurance products, including life and property insurance, such as property, sports, travel, and phone screen insurance.
According to Greenberg Traurig, Meiji Yasuda purchased 7.46% of TU Europa’s share capital from Getin Holding and another 9.08% stake from the Getin Noble Bank. “In addition, Meiji Yasuda, HDI International, Getin Holding, and the Getin Noble Bank terminated certain existing arrangements.”
“As a result of the transaction, Getin Holding and the Getin Noble Bank ceased to be shareholders of TU Europa,” the firm announced. “HDI International holds 50% plus one share … and 50% plus one vote in the total number of votes in TU Europa, and Meiji Yasuda holds 50% minus one share … and 50% minus one vote in the total number of votes in TU Europa.”
Greenberg Traurig’s team included Partner Lukasz Pawlak, Local Partner Michal Bobrzynski, and Associates Dawid Malinowski and Lukasz Chmura.