Advice on the merger of Raiffeisen Zentralbank Österreich AG (RZB) with listed Raiffeisen Bank International AG (RBI) – one of the largest transactions in the Austrian banking sector.
Vienna, April 2017. bpv Hügel advised RZB on its merger with RBI. Pursuant to the merger RZB as the lead and central institution of the Austrian Raiffeisen banking group with its equity participations in the financial, insurance and industrial sector have been transferred to RBI. The eight regional Raiffeisen banks as former core shareholders of RZB are now holding directly the majority of RBI. The merger as reorganisation step of the Austrian Raiffeisen banking group leads to an increase in the capitalisation and simplifies the group structure and corporate governance.
bpv Hügel provided comprehensive legal advice on the structuring of the transaction as well as corporate and takeover law and capital market and regulatory questions and for the new syndicate agreement of the regional Raiffeisen banks as shareholders of RBI.
“We are delighted to advise on this important transaction for the Raiffeisen banking group, which underlines the leading position of our firm for large cap transaction of listed companies”, comments senior partner Prof. Hanns F. Hügel.
In the team of bpv Hügel lead by Prof. Hanns F. Hügel (partner, corporate/tax) and Christoph Nauer (partner, corporate/capital markets), Daniel Reiter (attorney, corporate/capital Markets), Kornelia Wittmann (attorney, regulatory), Verena Hügel (attorney, corporate), Florian Plattner (attorney, employment), Gerhard Fussenegger (attorney, antitrust), Roland Juill (associate, corporate/ capital Markets).
RBI was advised for the transaction by Schönherr (Peter Feyl, Roman Perner).