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Fellner Wratzfeld Advises Bank Austria on Takeover of Immobilien Holding from Immobilien Privatstiftung

Austria
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Fellner Wratzfeld & Partners had advised UniCredit Bank Austria on its acquisition of Immobilien Holding, which until now was wholly owned by Immobilien Privatstiftung.

The purchase agreement was signed on July 25, 2014, subject to consent by the Bank Austria supervisory board and subject to approval by the Austrian competition authorities. The participation rights in Immobilien Holding which Bank Austria has held so far will be extinguished as part of the transaction.

Immobilien Holding holds interests in about 80 real estate companies throughout Austria, including Donauturm Aussichts- und Restaurantbetriebs and Wien Mitte Immobilien. It also holds equity interests in various project management and shopping center management companies. In addition to advising Bank Austria on the transaction, fwp also drafted and negotiated a share purchase agreement and registered the merger.

The firm’s team was led by Partner Markus Fellner, working with Partner Paul Luiki and Attorneys-at-law Maria Thierrichter and Christoph Hilkesberger. Antitrust law expert and fwp Partner Lukas Flener handled the merger registration process.