Greenberg Traurig Advised Allianz on Merger of Allianz, Aviva in Poland

WARSAW, Poland, Jan. 10 -- Greenberg Traurig, a law firm, issued the following news release:

Greenberg Traurig advised Allianz on the mergers of Allianz Group and Aviva Group companies in Poland.

The mergers of Allianz's and Aviva's Polish insurance companies, mutual funds and pensions companies in 2022 was a result of the acquisition of Aviva's operations in Poland and Lithuania by Allianz for over EUR 2.5 billion in 2021. It was Allianz's largest deal globally in a decade and was also advised by Greenberg Traurig.

Mergers and debranding of Aviva's life and non-life insurance operations as well mutual funds companies were completed in July 2022. The merger of pension companies on 30 December 2022 completed the integration and debranding process which resulted in the Aviva brand ceasing to be present in Poland.

As a result of the acquisition and mergers, Allianz has become Poland's second largest player in the life insurance segment, the sixth largest in the non-life insurance segment (in terms of gross written premiums for 2021), fourth largest player in the mutual funds segment and second largest pensions manager with approx. PLN 40 billion worth of assets under management.

Greenberg Traurig provided comprehensive legal advice to Allianz Group with respect to the mergers.

Partner Lukasz Pawlak advised on the mergers process. He was supported by Local Partner Michal Bobrzynski and Senior Associate Agata Izyk.

The team was supervised by Senior Partner Lejb Fogelman and Partner Stephen Horvath who provided strategic advice to the client.

Additional team members included: Partner Anna Halas-Krawczyk, Of Counsel prof. dr hab. Adam Opalski, Senior Associate Natalia Wolkowycka, Associates: Angelika Makar, Monika Lukacijewska-Widacka, Marta Poplawska, Michal Baldowski, Maciej Jablonski, Przemyslaw Nycz, Adam Andula, as well as Julia Dopierala and Natalia Potrubacz.

Allianz's in house legal team was led by Dr. Alexander Franz, Senior Legal Counsel, and Dr. Daniel Gunther, Regional Head of Legal and Compliance for Central and Eastern Europe.

The Allianz Group is one of the world's leading insurers and asset managers with 126 million private and corporate customers in more than 70 countries.

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Original text here: https://www.gtlaw.com/en/news/2023/01/press-releases/greenberg-traurig-advised-allianz-on-the-merger-with-aviva