Onesty Group sells shares in PrismaLife to Barmenia

Photo: Dr. Stephan Morsch, attor­ney and part­ner at SKW Schwarz Rechtsanwälte
29. Octo­ber 2020

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)

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