Hengeler advises Talanx on strategic cooperation with Meiji Yasuda Life
08. November 2010
Talanx AG has concluded an agreement with Meiji Yasuda Life Insurance Company, Tokyo, relative to long-term strategic cooperation, aiming to make use of common business opportunities in the increasingly globalised insurance markets. In this respect, Talanx AG has issued a subordinated mandatory convertible bond to Meiji Yasuda Life in the total amount of EUR 300 m. The conditions of the bond are such that it is accredited as regulatory Tier 1 capital according to the Solvency II Rules. In the event of an IPO of Talanx, the bond is to be converted into ordinary shares of the company, making Meiji Yasuda Life an important shareholder of Talanx.
Hengeler Mueller has advised Talanx on the agreements with Meiji Yasuda. The Hengeler Mueller team includes partners Maximilian Schiessl (Corporate/M&A), Hendrik Haag (Capital Markets), Markus Röhrig (Competition), Daniel Wilm (Insurance Supervisory Law), counsel Mathias Link (Tax) as well as associates Dirk Busch, Philipp Jansen, Oliver Rieckers (all Corporate/M&A) and Kolja Stehl (Capital Markets).