16 December, 2013

Wong & Partners, a member firm of Baker & McKenzie International, acted for JAB Capital Berhad (“JAB“) in connection with the sale of its entire 40% stake in Generali Asia N.V. (“Generali“) to Participatie Maatschappij Graafschap Holland N.V. (“PMGH” ) for a total purchase consideration of EUR 40 million (approximately USD54 million or RM172 million).

JAB is a Malaysian investment holding company and is part of the Kuok group of companies in Malaysia. Generali is the holding company of several insurance companies in the Philippines, Thailand and Indonesia. Both PMGH and Generali are incorporated in the Netherlands and engaged in the business of insurance. 

Andre Gan and Teo Ee Von were involved in representing JAB on this deal, with assistance from Jeroen Hoekstra and Koen Bos of Baker & McKenzie Amsterdam N.V. Andre Gan, the Firm’s corporate partner, said of their involvement in this matter, “This transaction was a welcome continuation of our representation of JAB and the Kuok group in Malaysia. We are very pleased with the successful outcome of the deal and we are privileged to have had the opportunity to represent JAB on this transaction.”

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