Hule Bachmayr-Heyda Nordberg has advised the Wintersteiger Group on its restructuring where the company's sports, woodtech, seedmech, and operations divisions were spun off into four subsidiaries, with the parent company being renamed as Wintersteiger Holding AG.
Austria-based Wintersteiger is an international machinery and plant engineering group founded in 1953.
According to the firm, "Wintersteiger AG has made itself fit for the future with a new shareholder structure." The subsidiaries' share capital was also increased and the group's corporate governance was adapted to its new structure.
"The restructuring not only emphasized the existing divisional structure of the conglomerate more clearly but also set the course for further global growth. Wintersteiger Holding AG will continue to look for synergies throughout the company," HBN reported.
The HBN team included Partners Michael Hule, Martin Frenzel, and Emanuel Boesch and Attorney at Law Isabella Petrova.