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CMS Hasche Sigle advises Voigt family, publisher of the Braunschweiger Zeitung, on its sale.

09 Feb 2007 Germany 5 min read

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The Hamburg publishing-house family Voigt and Nord/LB Bank have sold all their shares in the Braunschweiger Zeitung to the WAZ Media Group.

Hitherto the Voigt family held an interest of nearly 75 % in the Braunschweiger Zeitung. The remaining 25 % were held by Nord/LB Bank. In summer 2006 the shareholders initially decided to sell 49 % of the shares in the Braunschweiger Zeitung. The Voigt family requested a put option for the remaining 51 %. A bidding procedure started in September 2006.

In the end the Voigt family decided to sell the whole of their 75 % holding to the WAZ Media Group at once. Thus the WAZ Media Group purchased all shares. Execution of the contract is subject to the condition precedent of consent by the Federal Cartel Office.

Advisers to Voigt family:

Adviser Luise Voigt

CMS Hasche Sigle
Dr Thomas J. Meyer (Estate planning)
Dr Henrik Drinkuth (Corporate)
Dr Antje Thilow (Property)

Contact CMS Hasche Sigle:
Dr Thomas J. Meyer
Telephone: +49 (0)40/3 76 30 - 315
E-mail: Thomas.J.Meyer@cms-hs.com

Dr Henrik Drinkuth
Telephone: +49 (0)40/ 3 76 30 - 327
E-mail: henrik.drinkuth@cms-hs.com

About CMS Hasche Sigle:
CMS Hasche Sigle is one of the leading German law firms with more than 480 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 47 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 57 offices in 23 countries around the world.

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

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