UniCredit and Allianz Strengthen Partnership in Croatia’s Bancassurance Market

UniCredit and Allianz Strengthen Partnership in Croatia’s Bancassurance Market

October 2022

Divjak Topic Bahtijarevic & Krka Law Firm represented Allianz SE, one of the world’s leading insurers and asset managers, in two significant transactions involving Zagrebacka Banka d.d. (“Zaba”), a leading Croatian bank that is part of the UniCredit Group: The sale of Allianz SE’s 11.72% stake in Zaba to UniCredit Group, and Allianz Holding EINS’s GmbH purchase of Zaba’s 16.84% minority stake in Croatian insurance company Allianz Croatia d.d.

With these two deals, Unicredit and Allianz strengthened their positions in the Croatian banking market, reinforcing their long-standing and highly successful bancassurance partnership.

DTB Senior Partner Damir Topic and attorneys Dina Salapic and Dominik Glavina supported Allianz in these two related deals.

October 2022

Divjak Topic Bahtijarevic & Krka Law Firm represented Allianz SE, one of the world’s leading insurers and asset managers, in two significant transactions involving Zagrebacka Banka d.d. (“Zaba”), a leading Croatian bank that is part of the UniCredit Group: The sale of Allianz SE’s 11.72% stake in Zaba to UniCredit Group, and Allianz Holding EINS’s GmbH purchase of Zaba’s 16.84% minority stake in Croatian insurance company Allianz Croatia d.d.

With these two deals, Unicredit and Allianz strengthened their positions in the Croatian banking market, reinforcing their long-standing and highly successful bancassurance partnership.

DTB Senior Partner Damir Topic and attorneys Dina Salapic and Dominik Glavina supported Allianz in these two related deals.