The Liberty Mutual Insurance world headquarters building, located in Boston, MA. Credit: User54871 via Wikimedia Commons Clifford Chance, Skadden and Others Take Roles on €2.3B Liberty Mutual Spanish Sale
Italy's largest insurer, Generali has agreed an all-cash acquisition of Liberty Seguros, which operates in Portugal, Spain, Ireland and Northern Ireland.
June 21, 2023 at 04:53 AM
4 minute read
Italian insurance company Generali has agreed to acquire Liberty Mutual's Spanish unit for €2.3 billion, with law firms Clifford Chance, Morais Leitão, Matheson and Skadden, Arps, Slate, Meagher & Flom advising on the deal.
With the all-cash acquisition of Liberty Seguros, which operates in Portugal, Spain, Ireland and Northern Ireland, Italy's largest insurer, Generali, will bulk up its presence in the Iberian Peninsula and enter Ireland and Northern Ireland.
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