Binder Grosswang has advised BNP Paribas on the sale of Austria’s largest online broker Hello Bank! to Bawag P.S.K. Fellner Wratzfeld & Partner advised the buyer.
Closing is expected by the end of 2021.
According to Binder Grosswang, the “Austrian online brokerage business of Hello Bank! with more than 80,000 customers will be continued under the brand easybank in the future. The acquisition is intended to further expand the Bawag Group's securities offering. The easybank brand is characterized by a high level of customer contact and satisfaction. The aim of the transaction is to combine the strengths of the two companies and to strengthen the core retail business.”
Binder Grosswang’s team included Partners Thomas Schirmer, Stephan Heckenthaler, Horst Lukanec, Markus Uitz, Christine Dietz, and Clemens Willvonseder, Senior Associates Christoph Schober, Attorney Manuel Mullner, and Associates Felix Fuith, Pia-Alena Havel, and Artan Duraku.
Fellner Wratzfeld & Partner's team included Partners Markus Fellner, Paul Luiki, Lukas Flener, and Gregor Schett, Attorneys Roswitha Seekirchner, Peter Stiegler, Veronika Seronova, and Elisabeth Fischer-Schwarz, and Associates Mario Burger, Martin Navara, Roman Schlemaier, and Julia Berger.