Onesty Group sells shares in PrismaLife to Barmenia
Munich — SKW Schwarz Rechtsanwälte advised the Austrian Onesty Group GmbH in connection with the sale of shares in the Liechtenstein life insurer PrismaLife AG to Barmenia Versicherungsgruppe. The transaction is still subject to regulatory approvals.
Barmenia cooperates with PrismaLife and acquires 25.1 percent of the shares in PrismaLife. The company is to be developed into a competence center for international offerings of unit-linked life insurance.
PrismaLife AG is one of Liechtenstein’s leading life insurance companies and is headquartered in Ruggell. The company manages customer funds of around 1.3 billion euros.
The Onesty Group is an independent bancassurance company based in Austria.
Advisor Onesty Group GmbH: SKW Schwarz Rechtsanwälte
Dr. Stephan Morsch (Lead Partner, Corporate/M&A), Dr. Angela Poschenrieder (Corporate/M&A)