CMS Vienna has advised Niederosterreichisches Pressehaus Druck- und Verlagsges.m.b.H., Lower Austria's largest media corporation, on the reorganization of its corporate structures.
According to CMS, "aiming for a clearer structure and improved offers of both the publishing house and the printing business, a legal separation of the two divisions was realized. The printing business was transferred to a newly founded, fully-owned subsidiary, which was registered as NP Druck Ges.m.b.H." In addition, according to CMS, "Niederosterreichische Nachrichten (NON), the most important news medium of NO Pressehaus, will still be published by Niederosterreichisches Pressehaus Druck- und Verlagsges.m.b.H. in the future. With overall 28 local editions, NON is read by 527,000 people every week, constituting a reach of 34% in Lower Austria."
"At the moment," CMS reports "165 staff members generate revenues of about EUR 55 million, ranking NO Pressehaus among the leading printing companies in Austria."
NO Pressehaus' new corporate structure was devised and designed by CMS Partner Sibylle Novak working with a team including Attorneys Anna Wieser and Oliver Werner and Associate Eva-Maria Vogerl, as well as Partner Johannes Hysek. The CMS team also cooperated with Richard Kohlhauser of M&A Treuhand in questions relating to company transformation tax, applicable fees, and accounting matters.