Sayenko Kharenko advised on sale of insurance company “Aegon Life Ukraine”

Sayenko Kharenko acted as legal counsel to Aegon Group, the Netherlands based life insurance business, on the sale of 100 per cent shares in PrJSC “Insurance Company “Aegon Life Ukraine” to TAS Group. The deal was signed in Kyiv on 21 September 2016 and was closed on 16 December 2016 after the change of control was approved by Ukrainian regulatory authorities.

Aegon, headquartered in The Hague, is one of the world’s leading providers of life insurance, pensions and asset management. The company operates in over 20 countries in Europe, Asia and the Americas. Aegon companies employ over 29,000 people.

Founded in 2003, PrJSC “Insurance Company “Aegon Life Ukraine” (previously PrJSC “Insurance Company “Fidem Life”) offers a full range of life insurance products.

Sayenko Kharenko provided full transactional support, including general advice on corporate law and regulatory matters, deal structuring, development and negotiation of all transactional documents and assistance with completion of the transaction.

Sayenko Kharenko’s team was led by counsel Alina Plyushch and included associates of the corporate and M&A practice Dmitry Riabikin and Mykhailo Grynyshyn. The project was supervised by partner Andrey Liakhov.