Uría Menéndez has advised Unicaja Banco on the sale of Liberbank’s insurance business to the spanish insurance company, Santa Lucía. By this deal, the insurer acquires 50% plus one share of CCM Vida y Pensiones de Seguros y Reaseguros, and of Liberbank Vida y Pensiones, Seguros y Reaseguros.
The consideration to be received by Unicaja Banco Group as a result of the agreement reached with Santa Lucía amounts to EUR 358 million.
As a result of this deal, Unicaja Banco extends its alliance with Santa Lucía in life insurance, savings, accidents and pension plans.
The team from Uría Menéndez advising Unicaja Banco was formed by: the Partner, Guillermo San Pedro (pictured); the Counsels: Jaime del Fraile and Violeta Pina; and the associates: Carmen Santo and Ignacio Díaz de Rábago.
Perez-Llorca has advised Santalucia Seguros with a team formed by Joaquin Ruiz Echauri, Fatima Eizaguirre, Juan Jimenez Laiglesia, Francisco Leon Gonzalez, Jose Suarez.