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fwp advises on takeover of Waagner Biro Bridge Systems AG

Vienna, March 2019. fwp provides advice to the banks involved in a financing agreement, thus paving the way for the takeover of Waagner Biro Bridge Systems AG by a group of investors.

Following up on successful transactions completed for Waagner-Biro Group in the past, the fwp restructuring and reorganisation team has once again managed to come up with a comprehensive financing agreement between Waagner-Biro Bridge Systems AG’s main funding banks (Erste Bank der oesterreichischen Sparkassen AG, Raiffeisenlandesbank Oberösterreich AG, Raiffeisen Bank International AG und UniCredit Bank Austria) and WBBS Holding GmbH. This constitutes a major contribution towards saving Waagner-Biro Bridge System AG from insolvency, as the agreement helped secure the company’s takeover by its new owner.