Uría Menéndez

Uría on the reorganisation of Unicaja’s bancassurance alliances

Uría Menéndez has advised on the reorganisation of Unicaja’s bancassurance alliances following its merger with Liberbank. 

The transaction involved Unicaja Banco’s acquisition of a 50% stake in the insurance companies CCM Vida y Pensiones de Seguros y Reaseguros and Liberbank Vida y Pensiones, Seguros y Reaseguros from Mapfre Vida and Aegon España, respectively.

It also involves Unicaja Banco’s subsequent sale of a 50% stake in those insurance companies to Santa Lucia and the extension of the bancassurance alliance between Unicaja Banco and Santa Lucía in connection with life insurance, accidents and pension plans. 

The total consideration received by Unicaja Banco from Santa Lucía includes a fixed amount of €318m  paid on 2 November 2022 and a variable amount of up to €40m, subject to the fulfilment of specific business targets in the next 10 years. 

The advisor team from Uría Menéndez was formed by Guillermo San Pedro (partner, M&A-private equity, Madrid, pictured left), Tomás Arranz (partner, anti-trust, Madrid, pictured right), Jaime del Fraile (counsel, M&A-private equity, Madrid), Carmen Santo (associate, M&A-private equity, Madrid) and Ignacio Díaz de Rábago (junior associate, M&A-private equity, Madrid). 

Uría on the reorganisation of Unicaja’s bancassurance alliances

Irina Wakstein


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 www.lcpublishinggroup.com

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