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CMS Cameron McKenna to assist MetLife in purchase of Aviva’s operations in Romania, Czech Republic and Hungary

Law and tax company CMS Cameron McKenna Bucuresti assisted the American group MetLife in purchase transaction involving the insurance companies Aviva Life Zech Republic, Aviva Life Hungary, Aviva Life and Aviva Pensii Romania.

February 2012

The CMS team working for the transaction has been conducted by Chris Southorn, partner wthin CMS London Financial Institutions Group, sustained by the teams in Czech Republic, Hungary and Romania, managed by Helen Rodwell, CEE Head of Corporate Practice. CMS Cameron McKenna Bucuresti established in 1999 and it counts locally over 55 Romanian and foreign lawyers. Globally, CMS operates in 30 countries, with 55 offices in Western and Central Europe, totalling over 600 partenrs and over 2,800 lawyers. The company is hadquartered in Germany, at Frankfurt. At the nd of January this year, Aviva annouced the sale of its operations in Romania, Hungary and Czech Republic to the American insurer MetLife. The transaction is pending the green line from the authorities in each country and it will be completed by the end of 2012. The cumulated capital of Aviva in three countries reached an estimated value of EUR 57 million at the end of 2011, according to official data of British insurer Aviva.

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