bpv Hügel advised IMMOFINANZ on its high profile takeover defence

bpv Hügel advised IMMOFINANZ AG on its takeover defence against the attempts of CA Immo and O1’s to gain factual control over IMMOFINANZ. IMMOFINANZ AG rejected the offer of CA Immo/O1. In order to avoid a hostile takeover – which is a rarely attempt in Austria – the shareholders’ meeting of IMMOFINANZ resolved to lower the threshold for triggering a public mandatory offer during the offer period. Also a counter-offer for the shares in CA Immo has been prepared.

Senior Partner Hanns F. Hügel on this mandate: “The success in this outstanding takeover defence is a credit to our experienced corporate and capital markets team.”

bpv Hügel’s team comprised Hanns F. Hügel (Partner, project lead/ Corporate), Christoph Nauer (Partner, project lead/ Corporate/ Capital Markets), Thomas Lettau (Partner, Corporate, M&A) Astrid Ablasser, Florian Neumayer (both Partner, Antitrust), Florian Plattner (Senior Attorney, Litigation) as well as Daniel Reiter and Roland Juill (both Associates, Corporate/ Capital Markets).

Press Release (German)