Posse Herrera Ruiz and Muñoz Tamayo & Asociados advised on the deal
Talanx has acquired Generali Colombia Seguros Generales S.A. and its life insurance subsidiary, Generali Colombia Vida Compañia de Seguros S.A., for approximately €30 million (US$34.6 million)
Subject to approval by the Colombian regulatory authority, the transaction is expected to close by the end of the year.
Posse Herrera Ruiz acted as Colombian legal advisor to Assicurazioni Generali, in connection with the sale of: (i) 91.33% of the capital stock of Generali Colombia Seguros Generales S.A.; and (ii) 23.71% of the capital stock of Generali Colombia Vida Compañía de Seguros S.A. to Talanx Group with a team including Jaime Herrera (Picture), Óscar Tutasaura and Juan Pablo Puerto.
Muñoz Tamayo & Asociados advised Talanx Group with Diego Muñoz Tamayo.