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Schoenherr has advised Swedish telecommunications group Tele2 on the sale of subsidiary Tele2 Austria to mobile company Hutchison Drei Austria GmbH for an enterprise value of EUR 95 million. Freshfields Bruckhaus Deringer advised the buyer on the transaction, which is expected to close following approval by the Austrian competition authority.

CHSH has advised the Dentsu Aegis Network in connection with its acquisition of all shares in the second largest Austrian media agency, the media.at group. The media.at group, with its Omnimedia, Mediastrategen, und trigomedia brands, previously belonged to the A1 Telekom group, Austrian Lotteries, Austrian Post, Bawag PSK, and the Federation of Austrian Industries. The sellers were advised by Eisenberger Herzog.

Binder Groesswang, working in co-operation with Willkie Farr & Gallagher, has advised the Constantia Flexibles Group on the carve-out and EUR 1.15 billion sale of its labels division to the US strategist and global player Multi-Color Corporation. Freshfields Bruckhaus Deringer advised Multi-Color on the deal. The signing took place on July 16, 2017 in Frankfurt and remains subject to regulatory approvals. Closing is expected in the fourth quarter of 2017. 

"Compliance work is pretty in at the moment,” says Felix Hoerlsberger, Partner at Dorda in Vienna, “especially involving the GDPR.” The regulation famously becomes applicable on May 25 of next year, but Hoerlsberger notes that in order to be compliant companies are already under pressure, as they "have to have full documentation of what processes they're performing, complete privacy impact assessments (PIAs), and potentially consult with local regulators where there are any difficulties or high-risk processing ongoing.”