Linklaters advises Dajia Insurance Group on the contemplated disposal of Bank Nagelmackers

Linklaters advises Dajia Insurance Group, a leading insurance group in China, on the contemplated sale of Bank Nagelmackers to Caisse d'Epargne Hauts de France. Bank Nagelmackers is the oldest Belgian bank with a strong reputation in personal and private banking. The sale remains subject to mandatory information and consultation in France and clearances from regulatory authorities.

The contemplated acquisition represents an opportunity for Caisse d'Epargne Hauts de France, a member of BPCE, the second-largest banking group in France, to continue expanding its presence in the Benelux by broadening the scope of its activities in Belgium and furthering the development of cross-border synergies. This effort is part of BPCE's strategic growth plan, "VISION 2030", aimed at expanding in Europe and diversifying revenues.

The Linklaters team was led by Arnaud Coibion and Etienne Dessy, together with Viktor Pokorny. The team also included Philippe de Lathuy, Guillaume Leurquin, and Kélian Rask (Corporate and Finance Group), Liliane Gam (Antitrust and Foreign Investment Group), Nele Van Kerrebroeck and Jennifer Granado Aranzana (Employment and Benefits Group). Additionally, the team included Géric Clomes Employment and Benefits Group) and Vera Maramzine (Corporate Group) from our Paris Office.

For more information about the deal, visit BPCE’s website.