Athora Holding Ltd. entered into a binding agreement to acquire Generali Belgium S.A. from Assicurazioni Generali S.p.A. (BIT:G) for €540 million on April 18, 2018. The cash consideration is subject to certain customary closing adjustments. Athora intends to support this transaction from the proceeds of successful capital raise of approximately €2.2 billion in April 2017. Generali Belgium reported total assets of €5.3 billion in 2017. Post-completion, the management team of Generali Belgium will be retained. The transaction is subject to regulatory approval and was notified to the European Commission on June 11, 2018. As of July 3, 2018, European Commission approved the transaction. The deadline for the decision of European Commission is July 16, 2018. The transaction is expected to be finalized during the second half of 2018. The transaction is expected to have a positive impact on Assicurazioni Generali's solvency position. Deutsche Bank AG, London Branch acted as financial advisor while Linklaters acted as legal advisor to Assicurazioni Generali. Goldman Sachs International and Mediobanca Banca di Credito Finanziario S.p.A. (BIT:MB) acted as financial advisors while Frederiek Adams, Christian Bayart, Claire Caillol, Bart De Bock, Niels De Waele, Brecht Debruyn, Michael Fernandez-Bertier, Bart Franceus, Juan Alejandro Gits, Philip Jarvis, Nanyi Kaluma, Sylvia Kierszenbaum, Cedric Lindenmann, Marie Catherine Luyten, Pierre-Olivier Mahieu, Matteo Mariano, Benedicte Melot, Pauline Orban, Guillaume Platteau, Patrick Smet, Maarten van den Ende, Peter Van Dyck, Julie Vander Donckt, Steven Verschoot and Nick Williams of Allen & Overy LLP acted as legal advisors to Athora Holding. Athora Holding Ltd. completed the acquisition of Generali Belgium S.A. from Assicurazioni Generali S.p.A. (BIT:G) on January 2, 2019. The company will be rebranded to Athora Belgium prior to the end of the second quarter of 2019.