Ageas, a Belgian multinational insurance company, signed a share purchase agreement on 23 February 2021 with British insurance group Aviva to acquire its 40% stake in AvivaSA, the fifth largest life insurance company and the leading private pension provider in Turkey, which is listed on Borsa Istanbul, for a total consideration of approximately GBP 122 million. Sabancı will retain its 40% stake in the company, which will allow the two long-time partners in the general insurance business to extend their collaboration to the life and pension business. The transaction is expected to close in 2021, subject to regulatory approvals.
Paksoy is pleased to announce that a team led by Stéphanie Beghe Sönmez (partner, M&A), Omer Collak (partner, Capital Markets), Nazlı Bezirci (partner, M&A), Sansal Erbacioglu (partner, tax and fiscal services) and Ökkeş Şahan (counsel, Capital Markets) advised Ageas on this transaction.
Share
Related area
Capital Markets
Insurance and Private Pensions
Tax and Fiscal Services
Related persons
You can contact us for detailed information.




Legal Information
This briefing is for information purposes; it is not legal advice. If you have questions, please call us. All rights reserved.
You May Be Interested In
4 December 2025
We are, once again, ranked Highly Recommended in Türkiye in the GCR 100 2026
We are, once again, ranked Highly Recommended in Türkiye in the GCR 100 2026, the global guide recognizing the world’s leading competition…
2 December 2025
Serdar Paksoy Shared Insights in the Anti-Corruption Report Interview
David Hill from the Anti-Corruption Report spoke with Serdar Paksoy about the country’s anti-corruption laws, enforcement and related risks…
25 November 2025
Paksoy Celebrates 7 GBM Awards at 2025
Paksoy celebrates 7 GBM Awards at 2025, showcasing our strength in complex debt finance, sukuk, project finance & private credit.
19 November 2025
Paksoy advises Founders on their sale of Apsiyon
Paksoy advises Founders on their sale of Apsiyon
7 November 2025
We maintain our Tier 1 rankings across all IFLR1000 2025 practice areas
We maintain our Tier 1 rankings across all IFLR1000 2025 practice areas. Being ranked Tier 1 across all IFLR1000 practice areas for Türkiye…
31 October 2025
Paksoy has advised Türk Telekom on its inaugural USD 600 million 5-year sukuk issuance
Paksoy has advised Türk Telekom on its inaugural USD 600 million 5-year sukuk issuance.
