Zepos & Yannopoulos has advised Reale Group in the acquisition of an 80% majority stake in Ydrogios Insurance and Reinsurance S.A., a Greek non-life insurance company with an established presence in the motor vehicle insurance sector. The execution of the Share Purchase Agreement through the parent company, Società Reale Mutua Assicurazioni, marks the entry of Reale Group into the Greek insurance market.
Our firm has acted as the exclusive Greek legal counsel to Reale Group throughout the M&A process, from due diligence to advising on all key parameters of the transaction, including the drafting, structuring and negotiation of the transactional documentation.
Our team was led by Anastasia Makri, partner, head of Insurance, and Mariliza Myrat, senior associate. Smaragda Spyrou, senior associate, and Danai Mini, associate, assisted on insurance regulatory aspects, Charikleia Vlastou, partner, Mary Georgiou, senior associate, and George Louizos, associate, advised on real estate matters, Theodore Konstantakopoulos, partner, head of TMT and Data Protection, and Yolanda Antoniou – Rapti, senior associate, advised on data protection matters, while Natali Kapsi, senior associate, advised on intellectual property law matters.
Established in Turin in 1828, Società Reale Mutua di Assicurazioni is a leading Italian mutual insurance company and the parent undertaking of the Reale Group, an international group with more than 4,000 employees and more than 4.8 million customers.
The completion of the transaction is subject to regulatory approvals.