CNP Assurances Completes Stake Sale in CNP UniCredit Vita to UniCredit
Deal News | Jun 27, 2025 | Hogan Lovells
CNP Assurances has sold its stake in the joint venture CNP UniCredit Vita to its partner, UniCredit. This strategic transaction followed the exercise of an option by UniCredit to purchase CNP's shares under the provisions of their existing shareholders' agreement. As an exclusively partnered entity, CNP UniCredit Vita recorded premium income amounting to 3.5 billion in the year 2024. The legal and advisory work for the transaction was handled by a multi-disciplinary team from Hogan Lovells, with members from both their Paris and Italy offices. The team brought expertise in corporate law, regulatory compliance, competition law, strategic operations, and other relevant fields to ensure a smooth completion of the sale.
Sectors
- Financial Services
- Legal Services
Geography
- Italy – CNP UniCredit Vita operates within Italy, providing the regional context for the transaction.
- France – Hogan Lovells' Paris team was significantly involved, indicating the geographical spread of expertise in managing the legal aspects.
Industry
- Financial Services – Involves the sale of CNP Assurances' stake in CNP UniCredit Vita, an insurance-focused joint venture.
- Legal Services – Hogan Lovells provided legal advisory services for the transaction, emphasizing their role in the sale.
Financials
- 3.5 billion – Premium income generated by CNP UniCredit Vita in 2024, indicating the financial scale of the joint venture.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CNP Assurances | Target | Company | A major player in the financial services sector, divesting its stake in the joint venture CNP UniCredit Vita. |
| UniCredit | Bidding Company | Company | Italian banking institution purchasing CNP Assurances' share in CNP UniCredit Vita. |
| Hogan Lovells | Legal Advisor | Company | Provided multi-disciplinary legal and regulatory advisory services for the transaction. |