Rymarz Zdort advised Santander Bank Polska on the sale of a block of shares in Aviva Towarzystwo Ubezpieczeń na Życie, Aviva Towarzystwo Ubezpieczeń Ogólnych and Aviva Powszechne Towarzystwo Emerytalne Aviva Santander to Allianz.
As a result of the transaction, Allianz became Santander Bank Polska’s new partner in respect of its life and non-life bancassurance joint ventures.
The transaction is part of Aviva plc's exit from Poland by selling all its Polish assets to Allianz for approximately EUR 2.5 billion. It is expected to be one of the largest M&A transactions on the Polish market this year and the largest one on the Polish insurance market so far.
The transaction is being handled by Jacek Zawadzki, partner in the corporate department, supported by Dr hab. Łukasz Gasiński, partner heading the regulatory team in the corporate department. The transaction team includes associates Marzena Iskierka, Anna Aranowska and Aleksander Jakubisiak.