Oppenhoff has advised VHV Allgemeine Versicherung AG on the acquisition of 91.1 percent of the shares in the Northern Italian ITAS subsidiary Assicuratrice Val Piave SpA. The remaining shares are held by external shareholders. The acquisition is still subject to clearance by the Italian authorities.
Val Piave, which is based in Belluno in Northern Italy, operates in particular in the areas car insurance, home and family risk insurance, as well as accident protection. By acquiring Val Piave, the VHV Group is implementing its foreign strategy to achieve a strong diversification of its markets and portfolio. Its many years of successful collaboration with ITAS and the possibility of acquiring Val Piave provide VHV with the opportunity to expand its business in Italy far more quickly and to position itself as a construction specialist insurer on the Northern Italian market.
The Oppenhoff team, led by Dr. Peter Etzbach, included Anna-Catharina von Girsewald, Thomas Wismann (all M&A/Corporate and Insurance Supervisory Law), Dr. Daniel Dohrn (Antitrust), Marc Krischer (Tax), Anika Hellmann (IP) and Patrick Vapore (Litigation).
Oppenhoff has already been advising countless leading national and international insurers for many years. The law firm recently advised VHV on the acquisition of InterEurope AG.