CMS Supports NV in Divestiture of Shareholder Structure
Based on an amicable agreement with the majority shareholder of NV, Uniqa and Raiffeisen-Holding NÖ-Wien have sold back their minority stakes in NV. Following the redemption of their shares, Uniqa and Raiffeisen-Holding NÖ-Wien are no longer shareholders of NV. The international law firm CMS advised NV on this corporate law transaction.
NV has redeemed 25.11% of its shares, 11.89% of which were held by Raiffeisen-Holding NÖ-Wien and 13.22% by Uniqa Insurance Group AG. The transaction was approved by the financial market authority.
Johannes Reich-Rohrwig, partner and head of the corporate law and dispute resolution team at CMS Reich-Rohrwig Hainz, provided legal advice throughout this divestiture process. “A great deal of corporate law know-how was required in this transaction in order to optimise the outcome for our client,” the renowned corporate law expert Reich-Rohrwig proudly comments on the completed deal. In this transaction, he cooperated with Bernt Elsner in regulatory/financial market authority matters.
Corporate law expertise at CMS
Overall 40 legal experts based in Vienna and the nine offices throughout CEE are members of the corporate and M&A team of CMS Reich-Rohrwig Hainz. What is more, clients of CMS can rely on more than 700 lawyers specialised in corporate law in 34 countries around the globe. The great diversity of clients is a great strength of this CMS practice area group, as it enables the CMS experts to advise on a great range of projects.
The cross-border teams are made up of experts from all practice areas and industry sectors: banking, consumer goods, energy, infrastructure, insurance, lifesciences, real estate and construction, hotels and leisure, technology, and media. This structure means that the legal experts collaborating in a project are familiar with industry-specific particularities of a transaction and are well aware of its most significant commercial points and risks. As a result, they can advise in a time- and cost-effective way.
A picture of Johannes Reich-Rohrwig can be downloaded for free at http://sites.cms-rrh.com/downloads/reich-rohrwig_johannes.jpg.