18 December 2017
McCann FitzGerald advises on Sale of Generali PanEurope Operation
We advised Generali on the sale of Generali PanEurope which has operated in Ireland since 1999. The agreement will ultimately be worth around €286 million after Generali receives settlements for existing intercompany financing arrangements.
The transaction is part of the Group strategy to optimize its geographical footprint, increase its operational efficiency and improve capital allocation.
It is subject to, inter alia, regulatory approvals and is expected to be finalized during the first half of 2018.