Machado Meyer assists Cardif Group on the acquisition of the participation held by Magazine Luiza on the company LuizaSeg Seguros, a joint venture (company already held by Cardif Group and Magazine Luiza), as well as the authorization for LuizaSeg Seguradora to comercialize insurance products on every sale channel of Magazine Luiza, with focus to its digital expansion.
The transaction value worth BRL 1.010 billion.
Machado Meyer relied on led partner Guilherme Malouf, partner Daniel Monteiro Peixoto, Eduardo Castro, Fernanda Sa Freire Figlioulo and Maria Eugenia Novis; lawyers Carlo Verri, Gustavo Allegretti Barreiros.
(The Latin American Lawyer - 17.05.2023)
