CMS Hasche Sigle advises KIRCHNER HOLDING on sale of a majority holding in STRABAG

The Austrian construction group STRABAG SE, market leader in the central and eastern European construction sector, has acquired a majority holding in the German KIRCHNER HOLDING GmbH. Headed by Frankfurt partners Dr Martin Bell and Dr Christoph Schücking CMS Hasche Sigle advised KIRCHNER HOLDING on the transaction, which is still subject to clearance from the cartel authorities involved. Details of the purchase price were not disclosed.

KIRCHNER HOLDING GmbH was founded in 1926 and has its headquarters in Bad Hersfeld. It works mainly in the sectors of infrastructure construction (motorways, roads and bridges railtracks) and environmental technology. KIRCHNER also has a significant international presence, principally in Poland in the construction of roads and railtracks. To complement its core activities Kirchner also works in the PPP, civil engineering and raw materials sectors.

The family owners will also continue to have a holding in KIRCHNER HOLDING. The search for a strategic partner was triggered by the wishes of the family to seek a new direction for the company and to strengthen the capital structure. This acquisition will aid STRABAG to further develop its nationwide presence and strengthen its position in the Polish market.

Adviser to Kirchner Holding GmbH:

CMS Hasche Sigle
Dr Martin Bell, Dr Christoph Schuecking (both lead partners)
Dr Hendrik Hirsch
Dr Joachim Dietrich
Dr Markus Rasner
Wolfgang Adelhardt
(all M&A/Corporate)

Contact CMS Hasche Sigle:

Dr Martin Bell
Tel.:+49 (0) 69 / 71701 - 0
E-mail: Martin.Bell@cms-hs.com

Gabriela Freitag, press and publications
Tel.: +49 (0) 30 / 203 60- 1208
E-mail: Gabriela.Freitag@cms-hs.com

About CMS Hasche Sigle

CMS Hasche Sigle is one of the leading German law firms with more than 500 lawyers. It covers the entire area of commercial law and provides legal advice to major German and international companies from a wide spectrum of industry. It has offices in Berlin, Cologne, Duesseldorf, Frankfurt, Hamburg, Leipzig, Munich, Stuttgart, Chemnitz, Dresden, Brussels, Belgrade, Moscow and Shanghai.

CMS Hasche Sigle is a partnership of lawyers and tax consultants; for register details / list of partners see www.cms-hs.com

CMS Hasche Sigle is a member of CMS, an alliance of leading independent European law firms. With over 595 partners, a total of 2,000 lawyers and tax consultants and around 4,200 support staff we advise our clients at commercial locations in 48 business centres in Europe and further afield on legal and tax issues.

In addition to CMS Hasche Sigle, the following firms are also members of the CMS alliance: CMS Adonnino Ascoli & Cavasola Scamoni (Italy), CMS Albiñana & Suárez de Lezo (Spain), CMS Bureau Francis Lefebvre (France), CMS Cameron McKenna LLP (Great Britain), CMS DeBacker (Belgium), CMS Derks Star Busmann (the Netherlands), CMS von Erlach Henrici (Switzerland) and CMS Reich-Rohrwig Hainz (Austria). CMS has 58 offices in 25 countries around the world.

For further information on CMS Hasche Sigle see www.cms-hs.com and on the CMS alliance see www.cmslegal.com.