Clifford Chance advises Carrefour on JV with Mapfre in Spain
Clifford Chance has advised Carrefour on the creation of a long-term insurance joint venture with Mapfre in Spain. Carrefour and Mapfre have announced an exclusive collaboration agreement that will enable arrefour to offer its customers Mapfre’s insurance products.
Mapfre will expand its distribution network, making available a comprehensive insurance offer to Carrefour customers and to more than 10.5 million members of El Club Carrefour (Carrefour’s loyalty program). El Club Carrefour’s members will receive personalised offers of Mapfre’s insurance products and will benefit from savings accumulations (ChequeAhorro).
The Clifford Chance team was led by counsel Miguel Barredo and senior associate Juan Valcárcel (both pictured from left to right), from the corporate/M&A – Insurance team, with the support of counsel Samuel Rosas and associates Maria Vinas and Jimena Garrote, all from the corporate/M&A team. In addition, partner Fernando Irurzun and associate Ainhoa Rey provided support on data protection aspects and senior counsel Begoña Barrantes was in charge of antitrust advice.
