Catalana Occidente instructs Cuatrecasas on Antares acquisition

Cuatrecasas acted for Grupo Catalana Occidente on its acquisition of insurance provider Antares from Telefónica.

The deal was valued at €161 million, according to Mergermarket.

Antares offers health, life, accident and life savings insurance to more than 200,000 people in Spain.

A Telefónica statement said the transaction is expected to “generate capital gains of around €90 million for Telefónica and a reduction in net financial debt of close to 30 million euros”.

After completion of the deal, Grupo Catalana Occidente will continue managing the insurance policies of the Telefonica Group exclusively for the next 10 years, and will integrate Antares employees into its workforce.

Catalana Occidente instructs Cuatrecasas on Antares acquisition

Ben Cook

Iberian Lawyer, is a monthly digital magazine, published by LC Publishing, available in Spanish and English. It represents the main source of information in the legal business sector in Spain and Portugal. The digital magazine – and its portal – address to the protagonists of law firms and in-house lawyers. The magazine is available for free on the website and on Google Play and App Store.

In every issue of the magazine, you will find rankings of lawyers, special report on trends, interviews, information about deals and their advisors.

For further information, please visit the Group’s website

Iberian Lawyer
Registered office: C/ Manuel Silvela, 8 - Oficinas 1 Dcha 28010 Madrid España

Copyright 2022 © All rights Reserved. Design by Origami Creative Studio


Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram