Italy’s Bonelli Erede Pappalardo, White & Case and Skadden Arps Slate Meagher & Flom have scored roles on Italian insurance company Generali’s €2.5bn (£2bn) acquisition of a 49% stake in Generali PPF Holding (GPH) in Central and Eastern Europe.

Generali, Europe’s third-largest insurer after AXA and Allianz, will acquire the remaining stake in the joint venture from Czech company PPF in two phases, taking over 25% in March 2013, with the remaining 24% by the end of 2014.