Capitium is pleased to announce that it acted as advisor to the Dutch State on the sale of REAAL to Anbang Insurance:
SNS REAAL announced today that it has signed an agreement with Anbang Group Holdings Co. Ltd., a 100% subsidiary of Anbang Insurance Group Co. Ltd. (Anbang), a leading Chinese insurance company, for the sale of VIVAT Verzekeringen (REAAL NV).
Under the agreement, Anbang acquires 100% of the shares of VIVAT for a consideration of € 150 million. The solvency of VIVAT will be strengthened to adequate levels through a capital injection. The total financial commitment may vary due to changes in the IFRS equity between 31 December 2014 and 30 June 2015, the anticipated effective date of the sale.
Capitium 