Fellner Wratzfeld & Partner has represented BAWAG in connection with the repayment of the entire participation capital subscribed by the Republic of Austria.
In December of 2009, BAWAG issued participation capital in the amount of EUR 550 million. On the basis of the Austrian Financial Market Stability Act, the Republic of Austria subscribed for the participation capital which served to strengthen the tier 1 capital of Austrian banks after the financial crisis and was held by FIMBAG Finanzmarktbeteiligung Aktiengesellschaft as the Republic’s trustee.
In June 2013, December 2013 and March 2014, BAWAG repaid parts of the participation capital, and it has now completed this process by transferring a last tranche in the amount of EUR 350 million.
The Fellner, Wratzfeld & Partner transaction team advising BAWAG was led by Partner Markus Fellner and Attorney Christian Thaler.