Slaughter and May is advising Aviva on its sale of Aviva Poland

Slaughter and May is advising Aviva plc (“Aviva”) on the sale of its entire shareholding in Aviva Poland to Allianz for cash consideration of €2.5 billion.

The transaction is subject to customary closing conditions, including regulatory and anti-trust approvals, and is expected to complete within 12 months.

Slaughter and May, led by corporate partners Claire Jackson and Richard Smith, has been working closely with the Aviva legal team, led by Kirsty Cooper, Neil Harrison, Kat Goulder and Alex Eadie. WKB, led by Jakub Jędrzejak are advising on the Polish law aspects of the transaction. Cobalt are advising on the Lithuanian law aspects of the transaction.

The sale of Aviva Poland is a significant milestone in the delivery of Aviva’s strategy and marks the eighth divestment Aviva has announced in the past eight months. Slaughter and May has also advised Aviva on the disposals of its interests in Hong Kong and Indonesia, the sale of its majority shareholding in Aviva Singapore, its exit from Vietnam and its recent sale of Aviva France.

Corporate
Claire Jackson Partner
Richard Smith Partner
Nick Pacheco Partner
Olivia Hosker Associate

Yan Lai / Trainee, Elizabeth Oladunni / Trainee, Sophia Russell / Trainee

Tax
William Watson Partner
Charles Osborne Associate
IP/IT
Rob Sumroy Partner
Oliver Howley Associate
Competition