10.02.2023
Binder Grösswang, together with Hengeler Mueller, advised the indirectly controlling shareholders of Kommunalkredit Austria AG on the sale of their entire shareholding.
The shareholders Interritus Limited, based in the UK, and Trinity Investments Designated Activity Company, based in Ireland and managed by Attestor Capital LLP, sold all their shares in Satere Beteiligungsverwaltungs GmbH, the holding company of Kommunalkredit Austria AG, to Green Opera Finance BidCo AB, which belongs to the Swedish financial investor Altor. The previous owners of the holding company will each indirectly hold a 9.9% stake in the buyer company.
The sale is subject to competition and regulatory approval.
Binder Grösswang advised on Austrian law. Partners Thomas Schirmer (corporate law/M&A), Stefan Frank (banking supervisory law), Clemens Willvonseder (tax law) and lawyer Philipp Tagwerker (corporate law/M&A) were involved.
The Hengeler Mueller team comprised partner Johannes Adolff (corporate/M&A), Dirk H. Bliesener (banking regulatory), Christian Hoefs (employment), Markus Ernst (tax) and Alf-Henrik Bischke (antitrust), counsel Jan Letto Steffen (banking regulatory) and Marius Marx (tax) and associates Maximilian Kunzelmann, Lea Grohmann, Jan Häller (all corporate/M&A) and Jan Henry Adami (tax).
The sellers were advised on Swedish law by Roschier. Partner Björn Winström and associate Axel Bonning (both corporate/M&A) were active.