Van Bael & Bellis has assisted Federale Verzekering, a Belgian cooperative insurance company, in relation to its acquisition of a majority stake in Optimco NV, an Antwerp-based insurance company.
By this acquisition, Federale Verzekering is expanding its network of independent insurance brokers and enlarging its non-professional client base. The transaction was signed in June 2018 and is subject to a number of conditions precedent.
It is the first acquisition by Federale Verzekering in its 100 years of existence.
The deal team was led by Van Bael & Bellis partner Michel Bonne (picture), who was assisted by associates Hannelore Matthys and Sarah Arens.
Law Firms: Van Bael & Bellis;
Clients: Federale Verzekering;