Bernitsas Law acted as legal advisor to Ethniki Asfalistiki in its agreement with Syngelidis Family group of companies for the acquisition of a majority stake (55%) in the insurance intermediaries Elysee Insurance Agent & Coordinator SA and Elysee Insurance Brokers SA, which operate across all insurance sectors in Greece.
This transaction represents a strategic investment that complements Ethniki Asfalistiki’s existing partner networks and strengthens its overall distribution model, leveraging synergies with the Syngelidis Family group of companies' strong presence in the automotive market and the expertise of the Elysee companies. Our team provided legal support at all stages of the transaction.
Ethniki Asfalistiki is a market leading and one of the longest-standing insurance companies in Greece, offering a comprehensive range of life and non-life insurance products.
Syngelidis Family group of companies is a market pioneer, active in the automotive industry.
Partner Lambros Belessis and Counsel Dr. Anastasia Mallerou led the multimembered team advising on this transaction.