18 July – LAWFUEL – The Law News Network – Allen & Overy advised Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in Munich on the sale of 11.4 million shares in Allianz AG. The shares were sold after selection of the banks in an auction procedure at a price close to market. The proceeds amounted to approximately one billion Euro.
The Allen & Overy team was led by partners Dr. Michael Schlitt (coordination, Frankfurt), Vanessa Blackmore (London) and Daniel Epstein (US law, London). They were assisted by Dr. Susanne Schäfer and Michael Gottmann (both Frankfurt), as well as Dr. Dorothee Fischer-Appelt (US law, London).
Michael Schlitt comments:
“Being mandated again on an important transaction for Munich Re highlights both the strength of our relationship and the strength of our international equity capital markets team.”