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DTB Advises Allianz on Bancassurance Transactions with UniCredit in Croatia

DTB Advises Allianz on Bancassurance Transactions with UniCredit in Croatia

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Divjak Topic Bahtijarevic & Krka has advised Allianz on the sale of its 11.72% stake in Zagrebacka Banka to the UniCredit Group and on Allianz Holding Eins’ purchase of Zagrebacka Banka’s 16.84% stake in insurance company Allianz Croatia. Schoenherr reportedly advised UniCredit on the transactions.

Allianz is an insurer and asset manager.  Zagrebacka Banka, a Croatian bank, is part of the UniCredit Group.

According to DTB, “with these two deals, Unicredit and Allianz strengthened their positions in the Croatian banking market and reinforced their long-standing and highly successful bancassurance partnership.”

DTB’s team included Senior Partner Damir Topic and Attorneys Dina Salapic and Dominik Glavina.

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