Divjak, Topic & Bahtijarevic, working alongside Gide Loyrette Nouel, has advised BNP Paribas Cardif Insurance in the sale of its Croatian entity to Croatia Osiguranje, the largest and oldest insurance company in Croatia, making Croatia Osiguranje the sole owner of BNP Paribas Cardif Insurance in Croatia. The signing took place on May 24, 2017, although the transaction remains subject to final approval by the Croatian Financial Services Supervisory Agency. Croatia Osiguranje was advised by Praljak & Svic.
The Divjak, Topic & Bahtijarevic team was led by Senior Partner Sasa Divjak, supported by Senior Associate Ema Mendusic Skugor.
Editor's Note: On October 24, after this article was published, Divjak, Topic & Bahtijarevic informed CEE Legal Matters that "the transaction received approvals from all relevant authorities," and that the deal had closed.