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FWP and Schoenherr Advise on OeKB Acquisition of Majority Stake in OHT

FWP and Schoenherr Advise on OeKB Acquisition of Majority Stake in OHT

Austria
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Fellner Wratzfeld & Partner has advised Oesterreichische Kontrollbank AG on the acquisition of around 70% of Osterreichische Hotel-und Tourismusbank Gesellschaft m.b.H from UniCredit Bank Austria AG and Erste Bank der Oesterreichischen Sparkassen AG. Schoenherr advised UniCredit Bank and Erste Bank on the sale.

Upon completion of the transaction, Oesterreichische Kontrollbank (OeKB) will acquire the stakes of former shareholders UniCredit Bank Austria AG (50%) and Erste Bank der Oesterreichischen Sparkassen AG (18.75%). Raiffeisen will retain its 31.25% stake in OHT.

The deal was signed on March 11, 2019. The closing of the transaction remains subject to approval.

OeKB is a special-purpose bank in Austria and operates internationally through three segments: Export Services, Capital Market Services, and Other Services.

Osterreichische Hotel-und Tourismusbank Gesellschaft m.b.H. specializing in financing and funding in the tourism and leisure industry.

FWP’s core team consisted of Partners Markus Fellner, Lukas Flener, and Florian Kranebitter, Attorneys-at-law Benedikt Kessler and Peter Stiegler, and Associate Andrea Demanega.

The Schoenherr team was led by Partner Robert Bachner, supported by Partners Roman Perner and Hanno Wollmann and Attorneys at Law Manuel Ritt-Huemer, Elisabeth Kirrer, and Teresa Waidmann.  

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