Posse Herrera Ruiz acted as Colombian local counsel to Talanx Group in the acquisition of Liberty Mutual’s businesses in Brazil, Colombia, Chile and Ecuador. With this acquisition, Talanx becomes the third-largest insurer in Latin America through its subsidiary HDI International. The acquisition is subject to regulatory and antitrust approvals and is expected to close in 2024.
ANNOUNCEMENT/SIGNING DATE:
Saturday, May 27, 2023
CLOSING DATE:
Cross-border matter: Germany, United States, Brazil, Colombia, Chile, Ecuador
LEGAL ADVISORS
COUNSEL TO TALANX GROUP
- Posse Herrera Ruiz
Lead Partner
Jaime Cubillos
Other Lawyers
Catalina Noreña, Manuela Jaramillo, Laura Aristizábal
Julián Aguirre, Andrés Betancourt and Juliana Pérez
2. Hogan Lovells