Fellner Wratzfeld & Partner has advised the HYPO NOE Group regarding the upstream merger of HYPO NOE Landesbank AG into HYPO NOE Landesbank fur Niederosterreich und Wien AG. The project was completed on September 23, 2017.
FWP assisted in planning the project and provided advice and support regarding the implementation of the corporate and regulatory measures involved in the transaction. The objective of the consolidation, according to the firm, "was to ensure the reintegration of the retail and housing business into Lower Austria’s core bank and, consequently, to increase the banking group’s efficiency by reducing organizational complexity and leveraging operational synergies."
FWP's core team was led by Partner Markus Fellner and included Attorney at Law Benedikt Kessler and Associate Safiye Unuvar. Lead in-house legal counsels for the merger were Andreas Maier and Emanuel Obentraut.
