Wolf Theiss has advised Convera on the acquisition of parts of the Austrian business of Western Union.
Western Union is active in the European Union through its subsidiary Western Union International Bank. According to Wolf Theiss, WUIB sold (parts of) its payment services and derivatives business to Convera Europe Financial S.A. and Convera Europe Financial S.A., two newly established Luxembourg legal entities which obtained respective authorizations by the CSSF and established branches in several EU countries, including Austria.
The Wolf Theiss team included Partners Claus Schneider, Christian Mikosch, and Matthias Unterrieder, Counsels Christine Siegl, Karin Spindler-Simader, and Paulina Pomorski and Senior Associate Christopher Juenger.
Wolf Theiss could not provide additional information on the deal.