Mutua Madrileña’s Acquisition of 45% in Seguros del Estado and Seguros de Vida del Estado

Philippi Prietocarrizosa Ferrero DU & Uría, Uría Menéndez and DLA Piper Martínez Neira Abogados advised on the deal

Mutua Madrileña and the private company Seguros del Estado have reached an agreement whereby the Spanish group will buy 45% of the Colombian company.

The transaction has been approved by the boards of directors of both insurance companies and is subject to authorizations of regulatory bodies.

Philippi Prietocarrizosa Ferrero DU & Uría advised Mutua Madrileña with Claudia Barrero (Picture) and Luz María Mercado.

In Spain, Uría Menéndez advised Mutua Madrileña with Eduardo Rodríguez-Rovira.

DLA Piper Martínez Neira advised Seguros del Estado and  Seguros de Vida del Estado on the deal

Involved fees earner: Claudia Barrero – Philippi Prietocarrizosa Ferrero DU & Uría; Luz Maria Mercado – Philippi Prietocarrizosa Ferrero DU & Uría; Eduardo Rodríguez-Rovira – Uría Menéndez;

Law Firms: Philippi Prietocarrizosa Ferrero DU & Uría; Uría Menéndez;

Clients: Mutua Madrileña Automovilista, Sociedad de Seguros a Prima Fija;

Author: Ambrogio Visconti.