Fri, Sep
28 New Articles

Allen & Overy has advised Oesterreichische Kontrollbank on its public offering of USD 600 million of Floating Rate Guaranteed Global Notes due 2019. The bonds are guaranteed by the Republic of Austria and will be listed on the regulated market of the Luxembourg Stock Exchange. Davis Polk advised the banks — Goldman Sachs International and HSBC Bank plc. — on the deal.

Schoenherr has advised Italian private equity firm Quadrivio SGR S.p.A. on the Hungarian and Slovakian legal aspects of the acquisition of a 70% stake in Farmol S.p.A., and its Hungarian subsidiary Farmol Hungary Kft, from Old Mill Holding S.p.A., an Italian investment holding company. The consideration was not disclosed, and the founders and management team of Farmol will retain the remaining 30% equity stake. The closing of the transaction was announced on October 21, 2016.

Wolf Theiss has advised the China Electronics Technology Group Corporation (CETC), working in collaboration with two other partners from China, on the establishment of its European headquarters in Graz, Austria. The deal to purchase a production site and office building from the Steinklauber Group was signed recently, with Economic Minister of Styria Christian Buchmann and a high-ranking delegation from China in attendance.

Herbst Kinsky, working alongside Switzerland's Schellenberg Wittmer and Singapore's WongPartnership firms, has advised AMS AG – a leading worldwide manufacturer of high performance sensor and analog solutions – on the acquisition of Heptagon Advanced Micro-Optics. The unnamed sellers – including a group of private investors (both PE and Venture Capital funds) and management and employees of Heptagon – were represented by Wolf Theiss 

Schoenherr and Latham & Watkins have advised HanseMerkur Grundvermogen AG ("HMG") on the acquisition of a EUR 331 million portfolio of commercial properties for its HMG Grundwerte Chancen real estate property fund from Conwert Immobilien Invest SE ("Conwert"). Conwert was advised by GSK Stockmann in Munich and bpv Huegel in Vienna. The purchase agreement was announced on November 2, 2016 and the transaction is expected to close by the end of the year following approval from the competition authorities.

Dorda has advised Petrus Advisers on the sale of approximately five million shares in Conwert to German-listed property company Adler Real Estate, which as a result increased its stake in the company to more than 25%. Adler was advised in Austria by DLA Piper and in Germany by Norton Rose Fulbright on the transaction, which was valued at approximately EUR 70 million.

CMS Vienna has advised Styria-based BioEnergy International AG (BDI) on its intended delisting of its free-float shares from the Frankfurt Stock Exchange, which is expected to follow a take-over offer from its majority shareholder, BDI Beteiligungs GmbH. According to CMS, "this is one of the first delisting proceedings after the new German provisions on delisting came into force at the end of 2015."

In “The Buzz” we interview experts on the legal industry living and working in Central and Eastern Europe to find out what’s happening in the region and what legislative/professional/cultural trends and developments they’re following closely. Because the interviews are carried out and published on the CEE Legal Matters website on a rolling basis, we’ve marked the dates on which the interviews were originally published.

CMS has advised investors Michael Heinritzi and Robert Hubner on their purchase of the hotel Schloss Lebenberg in Kitzbuhel from Bank Austria. Freshfields advised Bank Austria on the deal, which is expected to close near the end of the year. The contract was signed on Friday, October 7, and the purchase price was not disclosed.