NautaDutilh assisted ABN AMRO Bank N.V. on the sale of ABN AMRO Pensioeninstelling to Achmea through an auction process. For our team, this was the second transaction involving a premiepensioeninstelling within the timeframe of one year.
Since 2012, ABN AMRO Pensioeninstelling has been operating defined contribution schemes on behalf of approx. 1.000 employers with roughly 190,000. Assets under management amount to €3,5bn, which originates from both SME and large corporate clients. The transaction gives Achmea an entry into the Premium Pension Institution (PPI) market. After Closing, the PPI will be renamed Centraal Beheer PPI.
"Another example where ABN AMRO reached out to our firm specifically because of our full service capacity – great team work from all involved from various practice groups" states teamlead Lieke van der Velden.
The transaction is subject to approval of the regulatory authorities. The central works councils of Achmea and ABN AMRO have issued positive advice.
The team further consisted of Jacqueline Clement and Dineth de Graaf (Corporate/M&A); Wijnand Bossenbroek and Esther Schreiber (Corporate Notarial); Sjuul Jentjens and Edward Rijnhout (Tax); Cyril Christiaans (IT); Frans van der Eerden and Willemijn Pieters (Financial Law); Mauricette Schaufeli and Casper van der Meulen (Competition); Peter Vogels and Albert van der Kolk (Employment) and Fleur Folmer and Michelle Slimmen (IP).
Press coverage (in Dutch)