27.12.2018 News
Oppenhoff & Partner advises Zurich on its exit from ADAC
Oppenhoff & Partner has advised Zürich Beteiligungs-Aktiengesellschaft (Deutschland) on its exit from ADAC Autoversicherung AG, a joint venture with ADAC Versicherung AG founded in Munich in 2007 and the resulting sale of its joint venture stake to Allianz Versicherungs-Aktiengesellschaft.
The cooperation between ADAC and Zurich was initially to end at the end of 2019. In December, the parties agreed on an earlier change of Joint Venture partners enabling Allianz to acquire Zurich’s Joint Venture stake of 51 percent as of January 1st 2019. It was agreed to keep the purchase price confidential.
Oppenhoff advises Zurich on major projects on a regular basis, such as recently on a large-volume software project.
The Oppenhoff-Team was led by Peter Etzbach and included Johannes Janning (both corporate law/M&A/corporate insurance law), Marc Krischer, Elmar Krüsmann (both tax law), Jürgen Hartung (data protection law), Andreas Kopp (banking supervision law), Daniel Dohrn (antitrust law) and Alexander Willemsen (employment law).
Oppenhoff & Partner stands for 110 years of top-quality legal advice. Our independent law firm extensively advises national and international enterprises and entrepreneurs on matters of commercial and tax law.