BBH has announced that is has acted as advisor to Allianz Pojistovna, a.s. in connection with its merger with two Wustenrot insurance companies (Wustenrot Pojistovna, a.s. and Wustenrot, Zivotni Pojistovna, a.s.) with the two Wustenrot entities being merged into Allianz Pojistovna. According to BBH, this is the first-ever merger of three insurance companies in the Czech Republic.
Allianz Pojistovna is a wholly-owned subsidiary of Allianz New Europe Holding GmbH and part of the global Allianz SE insurance group. It entered the Czech market in 1993 and has since become one of the three largest Czech insurance companies.
The BBH team was led by Partner Tomas Sedlacek and included Adam Necas and Petr Strakos. Sedlacek said “We are very glad to have this opportunity to assist Allianz Pojistovna in this complex and unique transaction, which led to the strengthening of one of the largest insurance companies in the Czech Republic. It is not every day that you see a merger of three insurance companies taking place on the Czech market. ”
