BOYANOV & Co. Law Firm Advised NN Group on the Sale of its Bulgarian Pension and Life Insurance Businesses

30 July 2021   BOYANOV & Co. acted as local counsel for NN Group on the sale of its Bulgarian pension and life insurance businesses to DZI – Life Insurance, part of KBC Group (the “Transactions”). BOYANOV & Co. advised on the deal structuring, negotiations, signing of the agreements, pre-closing, and closing support. The Transactions involved the first-ever transfer of insurance business of a foreign branch as a going concern in Bulgaria which posed specific regulatory, corporate, and administrative challenges.  The Transactions were successfully closed today after completing…