Deals

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22.10.2019

PRIMUS DERLING provides a full scope legal assistance in the M&A project

PRIMUS DERLING assists the client GrECo International Holding AG in the process of acquisition of the stake in Uždaroji akcinė draudimo brokerių bendrovė “SAGAUTA” (the “Target”) – a major insurance and reinsurance brokerage company operating in Lithuania. Assistance to the client included thorough legal due diligence as well as preparation of all necessary transactional documents and representation in an intensive negotiation process.

GrECo International Holding AG – a leading family owned international company operating in the insurance markets of Middle, East and South East Europe and providing insurance agency and brokerage services for a range of insurance types, also a member of Austrian-based GrECo group. At present time GrECo group operates 53 branches around Europe established in 16 countries and employs more than 950 employees.

Legal team was led by PRIMUS DERLING partner Giedrė Dailidėnaitė, included senior associates Greta Bagdanavičiūtė and Šarūnė Prankonytė-Segen, in assistance with other team members.

Please find more about the project:
DE: www.ots.at
EN: www.greco.services
LT: Austrai perka draudimo brokerių įmonę „Sagauta“_ interviu su pirkėju ir pardavėju – Verslo žinios
LT: BNS skelbiama apie GrECo sandorį