American Chamber of Commerce in Romania
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CMS advises MetLife on Acquisitions in the Czech Republic, Hungary and Romania
02/13/2012 I Source CMS Cameron McKenna
CMS has advised MetLife, Inc. on the acquisitions of Aviva Czech Life, Aviva Hungary Life, Aviva Romania Life and Aviva Romania Pensions from Aviva which was announced on 30 January 2012. This complex transaction, which is subject to regulatory approvals in each jurisdiction, is expected to complete during 2012.
The CMS transaction team was led by Chris Southorn, a Partner in CMS London Financial Institutions Group, supported by teams in the Czech Republic, Hungary, and Romania, led by Helen Rodwell, CEE Head of Corporate Practice. The full team involved lawyers in four CMS offices, including Narinder Jugpal (corporate M&A) and Harpreet Chatha (tax) in London, Patrik Przyhoda in Prague, Gabriella Ormai in Budapest and Loredana Ralea in Bucharest.
Loredana Ralea, Head of Commercial Department, CMS Cameron McKenna Bucharest declared: “The contribution of the Romanian CMS team to the successful realization of this important transaction at regional level, demonstrates, besides our experience in the M&A sector, indepth knowledge of the regulatory framework and the local practice in the insurance and private pensions sectors.”
Chris Southorn added:“MetLife is a very important client of the firm, and we are delighted to have advised on this transaction, supporting MetLife’s continued growth in Europe.”
Helen Rodwell, CEE Head of Corporate Practice, commented:“We are very pleased to have combined our insurance sector knowledge with our experience in pan-Central Eastern European transactions to assist MetLife with these acquisitions.”
