Novo Banco advised by Cuatrecasas on €190m GNB Vida sale

Cuatrecasas is advising Novo Banco on the sale of life insurance procider GNB Vida to Global Bankers Insurance Group.


The deal, which is valued at €190 million, includes a 20-year life insurance products distribution agreement between Novo Banco and GNB Vida.

Completion of the deal is dependent on regulatory authorisation.

The Cuatrecasas team advising Novo Banco includes partners João Mattamouros Resende (pictured), Manuel Requicha Ferreira and Paulo Costa Martins, senior associate Ana Sofia Silva, associates Francisco Soares Machado, João von Funcke, Filipe Valentim Ramos, and lawyer Miguel Lencastre Monteiro.

Ben Cook