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CMS Supports NV in Divestiture of Shareholder Structure

CMS Supports NV in Divestiture of Shareholder Structure

Austria
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CMS is reporting that, based on an amicable agreement with the majority shareholder of NV, which CMS advised, Uniqa and Raiffeisen-Holding NO-Wien have sold back their minority stakes in NV. Following the redemption of their shares, Uniqa and Raiffeisen-Holding NO-Wien are no longer shareholders of NV. 

NV has redeemed 25.11% of its shares, 11.89% of which were held by Raiffeisen-Holding NO-Wien and 13.22% by Uniqa Insurance Group AG. The transaction was approved by the financial market authority.

CMS Partner Johannes Reich-Rohrwig provided legal advice throughout this divestiture process, commenting that: “a great deal of corporate law know-how was required in this transaction in order to optimise the outcome for our client.” Reich-Rohrwig cooperated with CMS Partner Bernt Elsner on regulatory/financial market authority matters.

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